SEC says it will stop responding to no-action requests ‘entirely’
After sitting out the bulk of the no-action process in the 2025-26 proxy season, the SEC is now considering broader changes to the rule governing shareholder proposals.
After sitting out the bulk of the no-action process in the 2025-26 proxy season, the SEC is now considering broader changes to the rule governing shareholder proposals.
BELLINGS Intelligence Score: 65
Why it matters
The SEC's decision to stop responding entirely to no-action requests represents a significant regulatory shift that could materially affect shareholder proposal processes and market participant behavior, with broad implications for governance and compliance practices.
Sources
CFO Dive
SEC says it will stop responding to no-action requests ‘entirely’
After sitting out the bulk of the no-action process in the 2025-26 proxy season, the SEC is now considering broader changes to the rule governing shareholder proposals.