Regulatory Alerts2022-12-07
Reopening of Comment Period for Share Repurchase Disclosure Modernization
The Securities and Exchange Commission is reopening the comment period for its proposed amendments to modernize share repurchase disclosure by mandating daily reporting on a new Form SR, enhancing periodic disclosures, and requiring Inline XBRL structured data. This extension specifically addresses the economic impact of a newly enacted one percent excise tax on stock repurchases, allowing stakeholders to review and comment on a staff memorandum analyzing how the tax affects issuers and market activity. Interested parties may submit written or electronic comments regarding the proposed rules and the tax analysis through January 11, 2023.
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