{"id":1682,"date":"2020-03-05T11:03:13","date_gmt":"2020-03-05T16:03:13","guid":{"rendered":"https:\/\/seci.wpenginepowered.com\/?p=1682"},"modified":"2020-03-07T15:26:31","modified_gmt":"2020-03-07T20:26:31","slug":"sec-announces-regulatory-relief-for-companies-affected-by-covid-19","status":"publish","type":"post","link":"https:\/\/seciblog.pli.edu\/index.php\/sec-announces-regulatory-relief-for-companies-affected-by-covid-19\/","title":{"rendered":"SEC Announces Regulatory Relief for Companies Affected by COVID-19"},"content":{"rendered":"<p>As we <a href=\"https:\/\/seciblog.pli.edu\/?p=1674\">discussed in this post<\/a>, the Coronavirus 2019 or COVID-19 continues to impact public companies.\u00a0 On March 4, 2020 the SEC <a href=\"https:\/\/www.sec.gov\/news\/press-release\/2020-53\">provided conditional relief<\/a> for companies affected by COVID-19.\u00a0 The <a href=\"https:\/\/www.sec.gov\/rules\/other\/2020\/34-88318.pdf\">Order<\/a>\u00a0 provides an additional 45 days to file certain reports, including Forms 10-K, 10-Q and 20-F.<\/p>\n<p>If companies need to use this regulatory relief, they must file a current report on Form 8-K or Form 6-K by the later of March 16 or the original deadline for the filing.\u00a0 This current report must include details of why the affected report cannot be filed on time.\u00a0 The relief includes other requirements such as consideration of a risk factor explaining the impact of COVID-19 on the company and, if other parties are contributing to the delay, a statement from that other party.\u00a0 The <a href=\"https:\/\/www.sec.gov\/rules\/other\/2020\/34-88318.pdf\">Order<\/a> provides details about how use of the relief generally will not affect S-3 eligibility and WKSI status.<\/p>\n<p>The <a href=\"https:\/\/www.sec.gov\/rules\/other\/2020\/34-88318.pdf\">Orde<\/a>r also includes relief for furnishing proxy statements to shareholders in areas affected by COVID-19.<\/p>\n<p>The SEC is continuing to monitor this situation and may provide additional relief as events unfold.<\/p>\n<p>You can read all the details in <a href=\"https:\/\/www.sec.gov\/news\/press-release\/2020-53\">this announcement<\/a> and the related <a href=\"https:\/\/www.sec.gov\/rules\/other\/2020\/34-88318.pdf\">Order<\/a>.<\/p>\n<p>As always, your thoughts and comments are welcome!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As we discussed in this post, the Coronavirus 2019 or COVID-19 continues to impact public companies.\u00a0 On March 4, 2020 the SEC provided conditional relief for companies affected by COVID-19.\u00a0 The Order\u00a0 provides an additional 45 days to file certain reports, including Forms 10-K, 10-Q and 20-F. If companies need to use this regulatory relief, &hellip; <a href=\"https:\/\/seciblog.pli.edu\/index.php\/sec-announces-regulatory-relief-for-companies-affected-by-covid-19\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">SEC Announces Regulatory Relief for Companies Affected by COVID-19<\/span> <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpas_customize_per_network":false},"categories":[242],"tags":[],"coauthors":[154],"class_list":["post-1682","post","type-post","status-publish","format-standard","hentry","category-reporting"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/posts\/1682","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/comments?post=1682"}],"version-history":[{"count":0,"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/posts\/1682\/revisions"}],"wp:attachment":[{"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/media?parent=1682"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/categories?post=1682"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/tags?post=1682"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/coauthors?post=1682"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}