The Securities and Exchange Commission (SEC) published a proposal on Rule 10b5-1 and Insider Trading. The proposed rule would require certain amendments to Exchange Act Rule 10b5-1(c ) (1) to address concerns about abuse of the rule and proposing new disclosure requirements regarding insider trading policies. As written, the rule would require an issuer to disclose policies around insider trading and officer certification of those policies in Inline XBRL format. In addition, disclosure of grants of equity compensation awards would also need to disclosed in Inline XBRL format. Comments are due 45 days after publication in the Federal Register.
Read the rule.