NAPA Fly-in: The Environment for ESG-An SEC Perspective
The National Association of Plan Advisors hosts financial advisors each year in Washington D.C. The purpose is to meet with Congressional leaders and ask for their support of retirement policy initiatives. Highlights of this year’s event included hearing from regulators, legislators and litigators. Bonnie Treichel, Chief Solutions Officer, Endeavor Retirement, hosted a session with an interview of Zeena Abdul-Rahman. Abdul-Rahman is Branch Chief of the Investment Company Rulemaking Office at the Security and Exchange Commission (SEC).
She updated attendees on SEC’s proposed regulation of environmental, social and governance investing. One proposal will enhance disclosures in ESG plan documents. And the other will update the Names Rule. This proposal requires a name accurately reflect the product’s investments and risks.
Treichel also weighed in on the Department of Labor’s (DOL) framework and reminded attendees it and SEC’s framework are different. The DOL plans to have a final regulation by the end of 2022. To learn more, read The Environment for ESG: An SEC Perspective by Ted Godbout.
- US Department of Labor Proposes Rule to Remove Barriers to Considering Environmental, Social, Governance Factors in Plan Management
- Department of Labor RFI 2022
- SEC ESG Investment Proposals
- Get Ready for New ESG Investment Rules
- What You Need to Know About the Latest in ESG
- The ESG Updates You Need to Know
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