12.4.23

SEC Share Repurchase Rules on Hold (For Now)

As we previously blogged about, the Securities and Exchange Commission (SEC) adopted final rules intended to enhance public company disclosure regarding share repurchase programs. U.S. public companies were set to begin complying with the rules starting with the filing covering the first full fiscal quarter beginning on or after Oct. 1, 2023 (i.e., the 2024 Form 10-K for calendar year-end issuers), with a phased-in schedule for foreign private issuers and certain registered closed-end funds.

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