On March 9, 2022, the SEC proposed new disclosure requirements for public companies relating to cybersecurity risk management, strategy, governance, and incident reporting. While acknowledging that “[a] lot of issuers already provide cybersecurity disclosures to investors,” SEC Chair Gary Gensler stated that “companies and investors alike would benefit if this information were required in a […]
EPA Announces Change to Review of Pesticide Applications
Under the Federal Insecticide, Fungicide, and Rodenticide Act (“FIFRA”), only pesticides with a license from the U.S. Environmental Protection Agency (“EPA”), known as a registration, can be distributed and sold. For years, the lack of a review for such registrations under the Endangered Species Act (“ESA”) has resulted in significant legal challenges to approval of […]
Session 2022 Update: Week Eight
The Legislature began budget conferencing during the eighth week of the regular Session. Allocations for each major segment of the budget were released Monday evening and Conference Committees were created with members from both the House and the Senate. Conference meetings started Tuesday and progressed through the week. By Thursday evening, unresolved budget issues were […]
Cyber Incident Reporting Requirements Applicable to Financial Institutions and their Service Providers to Take Effect this Spring
Late last year, federal financial institution regulators finalized new security incident notification requirements for the financial institutions they regulate and their service providers (“New Rules”). The New Rules take effect soon, with an effective date of April 1 of this year and mandated compliance starting on May 1. What is new? The New Rules expand […]
Session 2022 Update: Week Seven
The Florida Legislature completed the seventh week of the Regular Session today. There are 14 days left in the Session. The Legislature is expected to begin budget conferencing next week once allocations are released. Executive Updates Governor DeSantis signed nine bills into law Thursday, including a bill (SB 7014) to extend protections from COVID-19 liability […]
Florida Legislature Proposes New Amendments For Text Messaging And Marketing Phone Calls
In July 2021, telemarketing law was turned on its head by the Florida Legislature’s revised Florida Telephone Solicitation Act (FTSA), which created new and burdensome restrictions for businesses telemarketing to Florida consumers. The FTSA prohibits placing telemarketing calls or sending marketing text messages using “an automated system for the selection or dialing of telephone numbers […]
Session 2022 Update: Week Six
The Legislature completed the sixth week of the Legislative Session today. Three weeks remain in the regular Legislative Session, which is scheduled to end on March 11th. This week both Chambers voted out their respective budget proposals and affiliated conforming bills. The House budget is $105.3 billion, while the Senate budget is $108.6 billion. The […]
The SEC (Finally) Closes Some Windows: 13D and 13G Amendments Proposed
On February 10, 2022, in a move that does not appear to have been anticipated, the SEC proposed amendments to the rules governing Schedules 13D and 13G, filings that must be made by acquirors of more than 5% of a covered class of equity securities. Specifically: 13D filings would now have to be made within five […]
Session 2022 Update: Week Five
Wednesday marked the halfway point in the Legislature’s 2022 60-day Session. BUDGET:With an abundance of cash from federal stimulus money and higher-than-expected state tax collections, lawmakers appear headed toward passing a record budget for the fiscal year that will start July 1. Last week the Senate laid out a $108.6 billion proposal, while the House […]
Going Private: The SEC Focuses on Private Funds
Carrying out a commitment made by SEC Chairman Gary Gensler “to bring greater transparency and competition” to the private markets, the SEC has begun to focus on private funds, an area that has been subject to very limited SEC oversight in previous administrations. First, on January 26, the SEC proposed amendments to Form PF, the […]
