Skip to main content

Busy Year Ahead – SEC’s 2023 Rulemaking Agenda

The SEC has released its semiannual regulatory agenda, which includes 23 proposed rules and 29 final rules. Read on for details.
banner background

On January 4, 2023, the SEC’s semiannual regulatory agenda was released. The agenda outlines the SEC’s rulemaking priorities for 2023 and includes 23 proposed rules and 29 final rules, continuing the scorching standard-setting pace set in 2022. This level of output is only comparable to the regulation following the 2001 Enron scandal and the 2007 mortgage crisis. 

SEC Standard-Setting Activity

Proposed Highlights

RegistrantsInvestment Funds & AdvisorsBroker-Dealer & Clearing AgenciesCapital Formation
Corporate board diversityAmendments to the custody rule for investment advisersSecuritization conflicts of interestsRegulation D
Human capital managementFund fee disclosure & reformSingle stock ETFsRule 144A holding period
CybersecurityDigital engagement practices – fundsDigital engagement practices – brokersSecurities held of record definition 
Payments by resource extraction issuers Clearing agency recovery & wind-down 

Final Rule Highlights 

RegistrantsInvestment Funds & AdvisorsBroker-Dealer & Clearing Agencies
Climate change disclosures ESG investment practices T +1 settlement
Cybersecurity risk governance Cybersecurity risk governanceClearing agency governance
Share repurchase Investment company names Dealer definition 
Shareholder proposals (Rule 14a-8)Money market reformsExchange definition 
Payments by resource extraction issuersForm PF: 
Large PE & liquidity fund advisers
Large hedge fund advisers
Security based swaps: 
Undue influence
SPACsStock borrow/loanConsolidated audit trail data security

Each quarter FORVIS prepares an overview of proposals and final rules issued and updates on key outstanding projects. See the latest edition, “Quarterly Perspectives: SEC 4Q 2022.” 


The Assurance Team at FORVIS delivers extensive experience and skilled professionals to align with your objectives. Our proactive approach includes candid and open communication to help address your financial reporting needs. At the end of the day, we know how important it is for you to be able to trust the numbers; our commitment to independence and objectivity helps provide the security and confidence you desire. FORVIS works with hundreds of publicly traded companies in the delivery of assurance, tax, or advisory services, within the U.S. and globally. For more information, visit

If you have questions or need assistance, please reach out to a professional at FORVIS or submit the Contact Us form below.

Download PDF

Related FORsights

Like what you see?
Subscribe to receive tailored insights directly to your inbox.