Internal criticism of SEC climate rule urges ‘reproposal’ that would bring further delays
Commissioner Mark Uyeda warns that finalising a law without following due process could lead to legal challenges.
The SEC’s widely anticipated climate disclosure rule could face further delays as one of the capital market regulator’s own commissioners is urging it to publish a new draft.
California SEC Commissioner Mark Uyeda yesterday urged the Securities and Exchange Commission to submit another draft of its climate rules before finalising them, arguing that the 21-month lapse since the first draft and the considerable amendments expected justify a second public consultation.
