SEC Investor Advisory Subcommittees’ Recommendations Regarding SPACs: Investor Advisory Subcommittees Publish Draft Recommendations Addressing SPAC Disclosure Concerns; Recommend Further SEC Analysis

Sullivan & Cromwell LLP - September 8, 2021

On August 26, 2021, the Investor as Purchaser and Investor as Owner subcommittees of the Securities Exchange Commission’s Investor Advisory Committee published draft recommendations regarding SPACs in advance of the IAC’s upcoming September 9, 2021 meeting. The subcommittees’ statement highlights a number of areas of disclosure on which, in its view, the SEC should exercise “enhanced focus and stricter enforcement.”
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