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SEC Proposes Rescission of Shareholder Proposal Rule and Reforms to Proxy Solicitation Process
The Securities and Exchange Commission today proposed to rescind Rule 14a-8 under the Securities Exchange Act of 1934, which exceeds the scope of the Commission's statutory authority and intrudes into matters of state law.
SEC
SEC Proposes Rescission of Shareholder Proposal Rule and Reforms to Proxy Solicitation Process
Why it matters
Policy text and timing change what products can ship and who can custody or list assets. Read the primary draft before treating a headline as a rule.
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