View Rule

View EO 12866 Meetings Printer-Friendly Version     Download RIN Data in XML

SEC RIN: 3235-AM96 Publication ID: Spring 2024 
Title: Enhanced Disclosures by Certain Investment Advisers and Investment Companies about Environmental, Social, and Governance Investment Practices 

The Division is considering recommending that the Commission adopt requirements for investment companies and investment advisers related to environmental, social and governance (ESG) factors, including ESG claims and related disclosures.  Among other things, the Commission proposed to amend rules and forms under both the Investment Advisers Act of 1940 and the Investment Company Act of 1940 to require registered investment advisers, certain advisers that are exempt from registration, registered investment companies, and business development companies, to provide additional information regarding their ESG investment practices. The proposed amendments to these forms and associated rules seek to facilitate enhanced disclosure of ESG issues to clients and shareholders. The proposed rules and form amendments are designed to create a consistent, comparable, and decision-useful regulatory framework for ESG advisory services and investment companies to inform and protect investors while facilitating further innovation in this evolving area of the asset management industry. 

Agency: Securities and Exchange Commission(SEC)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: Undetermined  Unfunded Mandates: No 
CFR Citation: 17 CFR 200.800    17 CFR 230.497    17 CFR 232.11    17 CFR 232.405    17 CFR 239.15A and 274.11A    17 CFR 239.14 and 274.11a-1    17 CFR 239.19    17 CFR 274.12    17 CFR 249.330 and 274.101    17 CFR 249.331 and 274.128    17 CFR 279.1    17 CFR 230.485    17 CFR 239.16   
Legal Authority: 15 U.S.C. 77e    15 U.S.C. 77f    15 U.S.C. 77g    15 U.S.C. 77j    15 U.S.C. 77s    15 U.S.C. 78m    15 U.S.C. 78o    15 U.S.C. 78w    15 U.S.C. 78ll    15 U.S.C. 80a-8    15 U.S.C. 80a-24    15 U.S.C. 80a-29    15 U.S.C. 80a-37    15 U.S.C. 80b-3    15 U.S.C. 80b-4    15 U.S.C. 80b-11    44 U.S.C. 3506 and 3507    ...   
Legal Deadline:  None
Action Date FR Cite
NPRM  06/17/2022  87 FR 36654   
NPRM Comment Period End  08/16/2022 
NPRM Comment Period Reopened  10/18/2022  87 FR 63016   
NPRM Comment Period End  11/01/2022 
Final Action  10/00/2024 
Regulatory Flexibility Analysis Required: YES  Government Levels Affected: None 
Small Entities Affected: Businesses  Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: Yes 
Agency Contact:
Zeena Abdul-Rahman
Branch Chief, Division of Investment Management
Securities and Exchange Commission
100 F Street NE,
Washington, DC 20549
Phone:202 551-4099