Regulatory Alerts2022-12-12 | 2022-26898Added
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 disclosure requirements regarding issuer share repurchases. This action allows the public to review and comment on a staff memorandum analyzing the economic impact of the new excise tax on share repurchases enacted by the Inflation Reduction Act of 2022. The Commission specifically seeks input on how the tax affects the incidence of repurchases, potential shifts to dividends, and the overall economic effects of the proposed disclosure rules.
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