SEC Extends COVID-19 Reporting Flexibility

On March 25, 2020, the Securities and Exchange Commission announced that it had extended the filing periods covered by its previously-enacted conditional reporting relief for certain public company filing obligations under the federal securities laws, and that it is also extending regulatory relief previously provided to funds and investment advisers whose operations may be affected by the Coronavirus, also known as COVID-19. The recently-announced relief may prove especially helpful to public companies that have been hampered in their ability to timely report by the effects of the Coronavirus (e.g., shelter-in-place restrictions, stay-at-home arrangements and other potential obstacles to timely reporting), in particular as deadlines for first quarter 10-Q filings approach for calendar-year reporting filers.

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