United States of America: Consultation on proposed amendments to SEC rules on cybersecurity disclosures for public companies closes

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Description

Consultation on proposed amendments to SEC rules on cybersecurity disclosures for public companies closes

On 9 May 2022, the public consultation on the proposed amendments to the rules for public companies regarding cybersecurity risk management disclosures closes. The Securities and Exchange Commission (SEC) opened the consultation on the amendments on 9 March 2022. In particular, the amendments would require companies to report cybersecurity incidents and follow up with periodic reports regarding those incidents. Furthermore, the companies would be required to provide SEC periodic reporting on its policies and procedures regarding the management of cybersecurity risks. Finally, the amendments would require companies to report and disclose the cybersecurity expertise of the company’s board of directors.

Original source

Scope

Policy Area
Other operating condition
Policy Instrument
Cybersecurity regulation
Regulated Economic Activity
cross-cutting
Implementation Level
national
Government Branch
executive
Government Body
other regulatory body

Complete timeline of this policy change

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2022-03-09
in consultation

On 9 March 2022, the Securities and Exchange Commission (SEC) proposed several amendments to its ru…

2022-05-09
processing consultation

On 9 May 2022, the public consultation on the proposed amendments to the rules for public companies…