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The SEC gives the public until June 17 to weigh in on the climate risk proposal



(Reuters) – Wall Street’s watchdog said on Monday that it had extended the period for public comment on its landmark climate risk proposal to June 17 in response to an interest rally.

The US Securities and Exchange Commission also reopened for 30 days its public comment on both a proposal to increase the disclosure of private funds and to expand trading platforms for financial management.

SEC chief Gary Gensler said the move to enable more public input is coming because the agency sees great interest from a wide range of investors, issuers, market participants and other stakeholders.

Corporate groups have criticized Gensler over the agency’s 30-day comment period for these and other measures, saying the window was inappropriate for commenting on such ambitious rule changes.

“The SEC benefits greatly from hearing from the public about proposed rule changes. Commentators with differing views have noted that they would benefit from additional time to review these three proposals, and I̵

7;m glad the public will have additional time to provide thoughtful feedback. “Gensler said in a statement.


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