SEC extends comment period on climate-related disclosure proposal

By Neil Amato

In March, the SEC voted on a proposal that would ramp up climate-related disclosure requirements for publicly traded companies. On Monday, the SEC acknowledged significant interest in the proposal and extended its public comment period.

Also, the regulator said it was reopening the comment periods on proposed rules to enhance private fund investor protection and on proposed rules that would enhance investor protections and cybersecurity for alternative trading systems that trade treasuries and other government securities. The SEC said the reopening for those proposals was for 30 days following publication of the reopening release in the Federal Register.

The public comment period for the proposal on climate-related disclosures will now end June 17, the SEC said.

The SEC "acted to provide the public with additional time to comment on three proposed rulemakings that have drawn significant interest from a wide breadth of investors, issuers, market participants, and other stakeholders," SEC Chair Gary Gensler said in a news release. "The SEC benefits greatly from hearing from the public on proposed regulatory changes. Commenters with diverse views have noted that they would benefit from additional time to review these three proposals, and I'm pleased that the public will have additional time to provide thoughtful feedback."

The private fund investor protection proposal, released Feb. 9, is designed to increase transparency, competition, and efficiency in the $18 trillion private-equity market.

The AICPA created a downloadable summary of the SEC proposal on climate-related disclosure requirements. The summary document also refers readers to other resources that can be used to better understand sustainability issues.

— To comment on this article or to suggest an idea for another article, contact Neil Amato at

Where to find May’s flipbook issue

The Journal of Accountancy is now completely digital. 





Leases standard: Tackling implementation — and beyond

The new accounting standard provides greater transparency but requires wide-ranging data gathering. Learn more by downloading this comprehensive report.