Davis Polk partner and ESG practice co-head Joe Hall was recently quoted in Reuters on potential changes to the SEC under the Biden administration. Joe discussed the possibility of further exemptions from section 404(b) requirements, noting that the requirements are now part of the landscape. “[The SEC] did ratchet back some of the requirements as they apply to very small companies,” Joe said. “I don’t necessarily see a reason to revisit that.”

“Out with Trump’s SEC, in with Biden’s SEC,” Reuters (February 16, 2021)

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