The Advisors' Blog

As John shared last Friday on TheCorporateCounsel.net, the SEC’s Spring 2025 Reg Flex Agenda was released late last week. Here’s where things stand on some of the potential SEC rules that we’ve been following:

Prerule Stage

– Foreign Private Issuer Eligibility (no date)

Proposed Rule Stage

– Rule 144 Safe Harbor (April 2026)
– Crypto Assets (April 2026)
– Enhancement of EGC Accommodations & Simplification of Filer Status (April 2026)
– Shelf Registration Modernization (April 2026)
– Updating the Exempt Offering Pathways (April 2026)
– Rationalization of Disclosure Practices (April 2026)
– Shareholder Proposal Modernization (April 2026)
– Crypto Market Structure Amendments (April 2026)

John said this is probably the most issuer-friendly Reg Flex Agenda he’s ever seen and, based on SEC Chairman Paul Atkins’ statement on the Agenda, that seems by design.

While executive compensation disclosures and equity practices may be implicated in some of the above topics (e.g., EGC accommodations, shareholder proposals), John pointed out that all of the SEC’s recent activity on the executive comp disclosure front is not specifically called out in the Reg Flex Agenda. He guessed that proposed changes to those rules may be part of the “Rationalization of Disclosure Practices” agenda item – and that agenda item’s title suggests that there may be more areas of the public company disclosure regime that the SEC is thinking about revamping.

John’s blog notes that this is also one of the most ambitious Reg Flex Agendas he’s ever seen. Corp Fin has its work cut out for it — and a newly named Corp Fin Director coming in to lead the charge!

If you haven’t already registered for our “Proxy Disclosure & 22nd Annual Executive Compensation Conferences,” what are you waiting for? Our rock star speakers will be sharing the critical guidance that you’ll need for proxy season! Register online, by emailing info@ccrcorp.com or by calling us at 800-737-1271.

If you have registered, you should have received an email from “no-reply@events.ringcentral.com” (our event platform) confirming your registration and containing your unique link to our conference site (for both virtual and in-person attendance). You may receive a second email from Ring Central on account creation if you’ve never attended a RingCentral event before. The RingCentral Events app (available for both iOS devices or Android devices) will include the live sessions, schedule, course materials, hotel maps and more! The app is also the best place to submit questions.

– Meredith Ervine