Regulatory Alerts2023-06-01 | 2023-09965Added
Share Repurchase Disclosure Modernization
The Securities and Exchange Commission adopted final rules to modernize disclosure requirements for issuers repurchasing their equity securities. The amendments require issuers to file daily quantitative repurchase data quarterly or semi-annually on Form SR, eliminating the previous monthly reporting obligation in periodic reports. Additionally, the rules mandate expanded narrative disclosures regarding repurchase program structures and the adoption or termination of Rule 10b5-1 trading arrangements, all reported using Inline XBRL structured data.
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