The Spring Reg Flex Agenda: A Record-Breaking Number of Rulemakings!

Recently, the SEC released its Spring 2026 Regulatory Flexibility Agenda and it contains a record number of rulemakings, many of them deregulatory in nature. There are 36 rulemakings listed in the “Proposed Rule Stage” (and two of them in the “Prerule Stage”). 36!

A majority of these proposed rulemakings did not make the list in the Fall 2025 Reg Flex Agenda, with the SEC announcing they will be tackling the proxy rules in an effort to modernize the proxy system. The Reg Flex Agenda doesn’t get into detail about what that looks like – but Corp Fin Director Jim Moloney touched on this last week at the Society’s annual conference indicating that the OBO/NOBO framework will likely be the subject of a rule proposal.

Here is a list of Corp Fin related proposals – many of which are targeted to be out by October of this year (although the Reg Flex Agenda is “aspirational” as I’ve blogged about many times before):

1. Shareholder Proposal Modernization
2. Executive Compensation Disclosure Reform
3. Amendments to Certain Proxy Rules
4. Rationalization of Disclosure Practices
5. Electronic Delivery of Information Under the Federal Securities Laws
6. Foreign Private Issuer Eligibility Enhancements
7. Updating the Exempt Offering Pathways
8. Rule 144 Safe Harbor
9. Enhancing Retail Exposure to Private Markets
10.  Regulatory Status of Finders
11.  Publication or Submission of Quotations Without Specified Information
12.  Registered Offering Reform
13.  Enhancement of Emerging Growth Company Accommodations and Simplification of Filer Status for Reporting Companies
14.  Rescission of Climate-Related Disclosure Rules
15.  Semiannual Reporting
16.  Crypto Assets

Authored by

Broc Romanek

Cooley