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Share Repurchase Disclosure Modernization

SEC · final-rule · Published 2024-04-08 · Effective 2024-04-08 · 89 FR 24372

Document

Document number
2024-06187
Federal Register citation
89 FR 24372
CFR reference
17 CFR 229
Type
Rule
Action
Final rule; technical amendments.
Category
final-rule
Agency
US Securities and Exchange Commission
Publication date
2024-04-08
Effective date
2024-04-08
Docket
Release Nos. 34-99778

Abstract

The Securities and Exchange Commission ("Commission") is adopting technical amendments to various rules and forms under the Securities Exchange Act of 1934 ("Exchange Act") and the Investment Company Act of 1940 ("Investment Company Act") to reflect a Federal court's vacatur of rule amendments that the Commission adopted on May 3, 2023, to modernize and improve disclosure about repurchases of an issuer's equity securities that are registered under the Exchange Act ("Repurchase Rule"). The court's vacatur of the Repurchase Rule was effective as of December 19, 2023, and had the legal effect of reverting to the rules and forms that existed prior to the effective date of the Repurchase Rule. These technical amendments revise the Code of Federal Regulations ("CFR") to reflect the court's vacatur of the Repurchase Rule.

Source

Authoritative
Federal Register document
Machine
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