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On July 26, 2023, the SEC adopted rules requiring public
companies and foreign private issuers (i) to timely disclose
material cybersecurity incidents and (ii) to disclose on an annual
basis the registrant’s cybersecurity risk management, strategy
and governance. The SEC issued its rule proposal in March 2022,
which was the subject of significant public commentary. As a
result, the SEC made certain changes to the required disclosures,
streamlining them to decrease the amount of detail needed. Yet, the
final rule still dramatically alters the disclosure landscape for
domestic and foreign registrants. Set forth below is a summary of
the key provisions of the final rule.
Click here to read the full insight: “SEC
Adopts Cybersecurity Rules and Reporting Requirements for Public
Companies.”
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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