Data / Federal rules / 2026-19260
Rescission of Rule 14a-8's Federal Regulation of Shareholder Proposals and Amendments to Rule 14a-4
The Securities and Exchange Commission published this proposed rule in the Federal Register on September 21, 2026. It took effect on September 21, 2026. Comments are due by November 20, 2026.
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What the agency says
The Securities and Exchange Commission ("Commission") is proposing to rescind Rule 14a-8 under the Securities Exchange Act of 1934 ("Exchange Act") and leave determinations about the role of shareholder proposals to State law and company governing documents. The Commission also is proposing to amend Rule 14a-4 under the Exchange Act to expand the circumstances under which a company may exercise, with respect to proxies it receives, discretionary voting authority on proposals that will be presented at a shareholder meeting but not included in the company's proxy materials. At the same time, the proposed amendments to Rule 14a-4 would provide shareholders with the means to elect to prevent the company from exercising such authority with respect to their individual shares.
Key facts
- Document number
- 2026-19260
- Type
- Proposed rule
- Action
- Proposed rule
- Agency
- Securities and Exchange Commission
- Published
- September 21, 2026
- Takes effect
- September 21, 2026
- Comments due
- November 20, 2026
- Dates
- This release was published in the Federal Register on September 21, 2026. Comments should be received on or before November 20, 2026.
- Docket
- Release No. 34-106383; File No. S7-2026-32
- Regulation ID (RIN)
- 3235-AN47
- Code of Federal Regulations
- 17 CFR 200; 17 CFR 229; 17 CFR 232; 17 CFR 240; 17 CFR 249
- Topics
- Electronic filing; Investment companies; Reporting and recordkeeping requirements; Securities
- Significant
- Yes, under Executive Order 12866
- Pages
- 64
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Everything from the Securities and Exchange Commission · Rules on electronic filing · Rules on investment companies · Rules on reporting and recordkeeping requirements · Published in September 2026
Read from the Federal Register API, last updated 2026-10-23. The document on federalregister.gov is the official record; dates and dockets can change through later corrections. Free to reuse with credit to SpecStream under CC BY 4.0.