Today, the Securities Exchange Commission (SEC) voluntarily stayed its recently issued Climate Disclosure Rules.  

The SEC hopes the voluntary stay will facilitate the resolution of the current Eighth Circuit challenge. The SEC intends to continue defending the rules in the proceeding but hopes the stay will also prevent potential regulatory uncertainty if registrants were to become subject to the new requirements during the legal proceedings challenging their validity. 

To read our initial post regarding the SEC’s climate change disclosure rules, click here. We will continue to monitor these developments and provide updates as they are available.