By Katanga Johnson

WASHINGTON, (Reuters) – Wall Street’s watchdog announced Monday that the public period to comment on the landmark climate risk proposition has been extended until June 17, in response to a surge of interest.

U.S. Securities and Exchange Commission (SEC), also opened for public comment, this time for 30 days. The comments were on a proposal to increase private fund disclosures and expand treasury trading platform.

Gary Gensler is the chief executive of SEC. He stated that Gensler made the announcement to encourage more public input because the agency has received significant interest from many investors, participants in the market, and issuers.

Gensler has come under fire from corporate groups for its 30-day comment periods for these and other measures. They claim the windows are inappropriate to allow comment for such complex rule changes.

The SEC is greatly benefited by hearing the public’s views on proposed regulatory changes. Different views were noted by commenters, which I am pleased to announce that additional time was granted for each of these proposals.

Gensler stated in a statement that they will be able to give thoughtful feedback more often.”