Investor protection, market regulation, ESG likely bolstered with Gensler at SEC (Law360)

SEC Chair nominee Gary Gensler could add immediacy to new regulatory initiatives focused on rules to protect investors and expand oversight of markets. Compared to the prior tenure of Chairman Clayton, expect a pivot on policy with Democratic control of the SEC countering the deregulatory approach of the last administration. This may include re-evaluating Regulation Best Interest (Reg BI) and proposing rules requiring disclosures on climate risks and other information tied to ESG policies. On the prospects for ESG rule-making, Amy Lynch, FrontLine’s Founder and President, expects it to be front and center on Gensler’s agenda, with specific disclosure requirements for public companies to describe their impact on climate change, pollution and corporate diversity, among other issues. See Law360 (subscription required), “Gensler Could Steer SEC Toward Stronger Investor Protection“