On December 14, the Securities and Exchange Commission (SEC) adopted amendments to Rule 10b5-1 under the Securities Exchange Act of 1934 and new disclosure requirements to enhance investor protections against insider trading. The amendments include updates to Rule 10b5-1(c) (1), which provides an affirmative defense to insider trading liability under Section 10(b) and Rule 10b-5.
Source: Other Recent Developments – Capital Markets Compass | Issue 4