SEC Updates FAQs Related to U.S. Government Shutdown

The SEC’s Division of Corporation Finance (the “Division”) has released an announcement containing a series of FAQs on what SEC registrants can expect in the event of a government shutdown. The U.S. government shut down on Wednesday, October 1, 2025.

In particular, the announcement notes that the Division’s operating status may be uncertain, its “activities will be extremely limited,” and it “will not be able to accelerate the effectiveness of registration statements.” Registration statements, offering statements, and other filings will be accepted on EDGAR; however, during a shutdown, the Division will not be able to declare registration statements effective.