SEC Extends Conditional Exemptions From Reporting and Proxy Delivery Requirements for Public Companies, Funds, and Investment Advisers Affected by Coronavirus

The SEC has issued an order updating its previously enacted conditional reporting relief order related to COVID-19. This updated order grants certain public companies a 45-day extension to file certain disclosure reports that would otherwise have been due on or between March 1 and July 1, 2020.

The SEC has also issued two orders (releases IA-5469 and IC-33824) “that would provide certain investment funds and investment advisers with additional time with respect to holding in-person board meetings and meeting certain filing and delivery requirements, as applicable.”

In addition, the Division of Corporation Finance has issued disclosure guidance on its current views on disclosure considerations and other securities law matters related to COVID-19.

For more information, see the press release on the SEC’s Web site.