Tuesday 10 February 2015
USA: SEC consults on hedging disclosure rule
The Securities and Exchange Commission has proposed rules the purpose of which is to implement Section 955 of the Dodd-Frank Wall Street Reform and Consumer Protection Act: see here (pdf). The rules will require companies to disclose whether directors and employees are permitted to engage in hedging transactions in respect of equity securities granted as compensation or otherwise held (directly or indirectly).
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