InfoBytes Blog
SEC releases draft regulatory strategic plan
Recently, the SEC released its draft FY 2022-2026 strategic plan, which focuses on goals related to protecting families against fraud and misconduct, supporting a diverse and inclusive workforce, and developing a regulatory framework that keeps pace with ever-evolving markets, business models, and technologies. The SEC noted that it plans to continue to update its disclosure framework to meet investors’ demands for information related to issuers’ climate risks and cybersecurity hygiene policies to ensure informed investment decisions are made. The draft strategic plan also discussed market risks associated with cybersecurity threats and cross-border challenges, and called on the SEC to coordinate with foreign financial regulators. The SEC also stated it plans to update existing rules and approaches to better “reflect evolving technologies, business models, and capital markets,” and intends to examine strategies for addressing systemic and infrastructure risks faced by capital markets and market participants.