In the May edition of Capital Markets Compass, we examine how innovative offering structures are providing access to capital despite significant market challenges. We analyze recent SEC comment letters focusing on climate and provide best practices going forward in light of enhanced SEC scrutiny on ESG matters. Continuing on the ESG front, we also review how the SEC’s Division of Corporation Finance proxy decisions have signaled an agency-wide emphasis on “values-based” capitalism. Next, we look at the recent SEC amendments requiring increased disclosure on stock buybacks. Finally, we discuss the new T+1 settlement cycle and relevant considerations. Thank you for reading, and don’t hesitate to reach out with questions about any of these topics.