SEC To Reopen Comment Periods for Some Rules After Tech Glitch
The U.S. Securities and Exchange Commission (SEC) has reopened the public comment periods for 11 of its rulemaking releases due to a technical glitch that led to a number of comment letters being lost. The affected releases include rulemaking on climate disclosure, special purpose acquisition companies, money market funds and short positions. The SEC said it would open up the comment periods for the affected releases, as well as for one request for comment, for 14 days to ensure that all interested parties have a chance to respond. Less than 200 comments of the more than 25,000 unique public comments and 45,000 form letters between June 2021 and August 2022 the SEC received are believed to have been impacted.
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