News & Insights
Mar 6, 2020
On March 4, the Securities and Exchange Commission (SEC) issued an order providing conditional regulatory relief for certain publicly traded company filing obligations under the federal securities laws, as a result of the challenges created by the spread of the coronavirus (COVID-19) for certain companies that are required to provide information to trading markets, shareholders and the SEC.
Among other conditions, companies must convey through a Current Report on Form 8-K (or Form 6-K in the case of foreign issuers) a summary of why the relief is needed in their particular circumstances. In connection with the relief the SEC might grant under its order, it will take the following positions with respect to certain obligations under the Securities Act of 1933, amended, and the Securities Exchange Act of 1934, as amended (Exchange Act):
The SEC’s order also reminds all companies (and other related persons) to consider their activities in light of their disclosure obligations under the federal securities laws with regard to the coronavirus, and that the SEC is open to additional or different assistance with regard to the coronavirus beyond what was issued in its order, which will be addressed on a case-by-case basis in light of the specific facts of the applicable situation.
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