Council of Institutional Investors

Section: December 9, 2021 | Vol 26, Issue 45
CII Presses SEC to Veto Nasdaq’s Proposal for Alternative Listing Requirements for SPACs
CII in a December 9 letter urged the SEC to reject Nasdaq’s proposed rule change to adopt alternative listing requirements for special purpose acquisition companies (SPACs).
SEC Approves New Disclosure Requirements for Foreign Companies Not Subject to PCAOB Inspections
The SEC December 2 adopted final amendments to implement the disclosure and submission requirements for certain companies under the Holding Foreign Companies Accountable Act.
SEC’s Proposed Rule Seeks to Reduce Opacity of Securities Lending Market
The SEC has proposed a rule to require lenders of stock and other securities to give the Financial Industry Regulatory Authority (FINRA) material information about each loan, including data on its timing, duration, venue of execution, rate or fee charged and collateral.
SEC to Consider Proposals on Insider Trading, Stock Buybacks and Security-Based Swaps
The SEC is scheduled to meet next week to consider proposals on several topics pertinent to CII members.
House Hearing Focuses on Ramping Up Diversity at Investment Firms
The House Financial Services Committee held a hearing December 9 to review the findings and recommendations of a report prepared by the majority staff of the committee entitled, “Diversity and Inclusion: Holding America’s Largest Investment Firms Accountable.”
ISS Finalizes New Policy Benchmarks on Dual-Class Directors, Diversity and Climate
Institutional Shareholder Services (ISS) December 7 published its new policy benchmarks which will go into effect beginning in February 2022.
IOSCO Publishes Recommendations on ESG Ratings and Products
The International Organization of Securities Commissions (IOSCO) late last month published a set of recommendations applicable to ESG ratings and data product providers.