The Securities and Exchange Commission said Monday it has extended the public-comment period on three major rule proposals after receiving widespread complaints from interest groups that it wasn’t allowing enough time for analysis, the Wall Street Journal reported. The SEC said it will accept comments until June 17 on a proposal to increase disclosure requirements around climate change and related risks. It is also reopening the comment periods for proposals affecting private funds and trading platforms for U.S. Treasury securities. Those comments will be due 30 days after an SEC notice is published in the Federal Register. The content of the proposals remains unchanged. “Commenters with diverse views have noted that they would benefit from additional time to review these three proposals,” SEC Chairman Gary Gensler said in a statement. Before finalizing any major regulatory changes, agencies like the SEC are required by law to issue a proposal and seek feedback from the public, among other steps. In recent years, the SEC has typically accepted comments for up to 60 days after a proposal was published in the official journal of daily government actions, known as the Federal Register. But Mr. Gensler, whom President Biden tapped to lead the agency last year, has generally allowed comment periods of just 30 days — the minimum allowed under federal law.
