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ARTICLE · 28 JANUARY 2010

SEC Adopts Interpretive Guidance On Climate Change Disclosure

O'Melveny & Myers LLP
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On January 27, 2010, the Securities and Exchange Commission, by a 3-2 vote, adopted a new interpretive release on existing disclosure requirements as they relate to the effect on public companies of business or legislative events regarding climate change.

United StatesFinance and Banking
Marty Dunn
Marty Dunn
Leanna Albrecht
Leanna Albrecht
Rebekah Toton
Rebekah Toton

On January 27, 2010, the Securities and Exchange Commission, by a 3-2 vote, adopted a new interpretive release on existing disclosure requirements as they relate to the effect on public companies of business or legislative events regarding climate change. The Commission indicated that the interpretive release is not intended to create new legal requirements or modify existing ones; rather, it is intended merely to provide clarity and enhance consistency in public disclosures.

The description below is based on statements made at the open meeting at which the Commission voted on the interpretive release. Upon publication of the interpretive release, we will update this Client Alert to provide additional detail.

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