SEC Stays Climate Disclosure Rule Pending Resolution Of 8th Circuit Case

The Securities and Exchange Commission (SEC) is staying implementation of its climate-related disclosure rule, short-circuiting a heated debate about whether an appellate court should issue a judicial stay of the measure pending the court’s resolution of litigation over the merits of the rule. “The commission has determined to exercise its discretion to stay the final rules pending the completion of judicial review of the consolidated Eighth Circuit petitions,” says an April 4 order issuing the stay , which the SEC...