SEC Fall 2023 Regulatory Agenda
Notable planned final and proposed rulemakings continue to be recognized in the Agenda stages of rulemaking
KPMG Insights
- Notable Regulatory Rulemaking Still Coming: Upcoming final rulemakings include climate, cybersecurity, conflicts of interest, and market structure.
- Expansive Rulemaking Agenda: Expansive rulemaking agenda means that key regulatory actions (though perhaps delayed) are still very much on the regulatory horizon.
- Date Flexibility: Rulemaking action dates (e.g., April 2024) are not set release dates, such that rulemaking actions may occur prior to/following the projected action date.
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December 2023
The Securities and Exchange Commission (SEC) releases its Fall 2023 Regulatory Agenda. Notable planned final and proposed rulemakings continue to be recognized in the Agenda stages of rulemaking (some now with an extended expected release date); select rulemakings are included below. It should be noted that rulemaking actions may occur prior to or following the date noted in the Agenda.
Final Rulemaking:
Title | KPMG | Action |
|---|---|---|
Climate change disclosure | April 2024 | |
ESG investment practices disclosure | ||
Open-end fund liquidity risk management programs and swing pricing | n/a | |
Cybersecurity for Funds/Advisers | ||
Cybersecurity for market entities | ||
Regulation SCI (Systems, Compliance, and Integrity) | ||
Conflicts of interest with use of predictive analytics by broker-dealers and advisers | ||
Amendments to Reg S-P, Privacy of consumer financial information and safeguarding customer information | ||
Safeguarding client assets | ||
Amendments to Form PF reporting requirements | ||
Market Structure: Order competition; Order execution; Best execution; Minimum pricing | ||
Clearing agency resiliency, recovery, and wind-down plans | October 2024 |
Proposed Rulemaking:
Title | Action |
|---|---|
Incentive-based compensation arrangements | April 2024 |
Human capital management disclosure | |
Corporate board diversity | October 2024 |
Fund fee disclosure and reform |
The SEC Fall 2023 Regulatory Agenda is available here.
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