January 19, 2023

Rule 10b5-1 Amendments: Guidance for Issuers, Insiders, and Financial Intermediaries


In December 2022, the Securities and Exchange Commission adopted significant amendments to Rule 10b5-1, which provides, under certain conditions, an affirmative defense to insider trading claims. Issuers and their boards or directors, large stockholders and investment banks that administer trading plans should prepare now to comply with the amendments. During our session we will discuss:

  • Principal changes between the proposed amendments and the final amendments; 
  • The required cooling off periods and exceptions; 
  • Issuer insider trading policies and filing requirements; 
  • Issuer disclosure requirements;
  • Other issuer considerations; 
  • Compensation committee considerations; 
  • Section 16 reporting requirements; 
  • Considerations for investment banks; and 
  • Effective dates and transition issues.

CLE is not available when viewing a recording of this program. In order to receive credit you must have attended the live webinar program.

Resource Downloads

Related Services & Industries

Stay Up To Date With Our Insights

See how we use a multidisciplinary, integrated approach to meet our clients' needs.