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Share Repurchase Rule Effective Date Deferred

By Professionals Group posted 11-29-2023 10:00 AM


By George Wilson,

On November 22, 2023, the SEC postponed the effective date of its 
Share Repurchase Disclosure Modernization rule.  The postponement was in the wake of an opinion by the U.S. Court of Appeals for the Fifth District in Chamber of Com. of the USA v SEC.  You can read more in the SEC’s Announcement.  The rule has been stayed pending further Commission action.  Companies do not need to comply with the new rule at this time.  It would have required daily share repurchase disclosures for the first full fiscal quarter that began on or after October 1, 2023.

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