SEC Requires New Share Repurchase Disclosures
Editor's Note: This publication was updated to reflect amendments to rescind the share repurchase rules, effective April 8, 2024.
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Summary
The SEC adopted technical amendments to the share repurchase disclosure rules to reflect the U.S. Court of Appeals for the Fifth Circuit vacatur of the rules. The amendments rescind the share repurchase disclosure rules, which were adopted in May 2023 and required issuers to report repurchase activity quarterly or semi-annually and disclose other qualitative information regarding their repurchase plans.
Link to SEC Final Rule.