The Securities and Exchange Commission (SEC) has adopted new requirements for investors to disclose their proxy voting.

In a November 2 announcement, the SEC said institutional investors, including those firms required to disclose their assets quarterly on Schedule 13F forms, would be required to categorize their votes by 14 standardized categories.

The rules also require institutional investment managers to disclose how they voted on executive compensation, or so-called “say on pay” matters.

SEC Chair Gary Gensler said the amendments “will provide investors with more detailed information about proxy votes, create more consistency around how funds describe their proxy votes, and structure Form N-PX in a machine-readable format.”

The new rules will come into effect for votes occurring after July 1, 2023.