MFA Submits Comment Letter to SEC on the Proposed Rule to Enhance and Standardize of Climate-Related Disclosures for Investors

On June 17, 2022, MFA submitted a comment letter to the Securities and Exchange Commission’s in response to their request for public comment on the proposed rule, The Enhancement and Standardization of Climate-Related Disclosures for Investors.

MFA is supportive of the Commission’s efforts to require mandatory disclosures of climate-related matters in the Proposed Rules. However, MFA is concerned that the benefits of the disclosures to investors will be outweighed by the costs the disclosures will have on issuers and the public markets. Therefore, MFA urges the Commission to revise and enhance the Proposed Rules to provide for the appropriate balance between disclosure of material information and costs to issuers. Further, MFA urges the Commission to prioritize consistency, comparability, and reliability for uniform disclosure standards as it considers the final rules.