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ARTICLE · 27 FEBRUARY 2018

Cybersecurity Disclosure: SEC Publishes Guidance For Public Companies

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The Securities and Exchange Commission's Chair Jay Clayton issued a statement on February 21 about public companies' cybersecurity disclosures:

CanadaTechnology

The Securities and Exchange Commission's Chair Jay Clayton issued a statement on February 21 about public companies' cybersecurity disclosures:

"In today's environment, cybersecurity is critical to the operations of companies and our markets...I urge public companies to examine their controls and procedures, with not only their securities law disclosure obligations in mind, but also reputational considerations around sales of securities by executives..."

The above excerpt encapsulates the Commission's Guidance on Public Company Cybersecurity Disclosures,1 published concurrently with Clayton's statement and expressing the SEC's view that public companies should adopt comprehensive cybersecurity policies and procedures.

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