Temporary changes to document retention requirements The U.S. Securities and Exchange Commission recently issued a statement temporarily amending certain documentation requirements under Rule 302(b) of Regulation S-T. The changes come in response to the logistical challenges posed by COVID-19. Rule 302(b) requires that signatories of documents electronically filed with the [...]
New Proposed Rule to Affect EDGAR Filing System WHAT HAPPENED? On Aug. 21, 2020, the United States Securities and Exchange Commission proposed a new rule under Regulation S-T, Rule 15, which aims to make the EDGAR filing process more efficient, consistent, and reliable. The Rule would alter the process [...]
The SEC Issues Regulatory Relief Amid Form ID and Notarization Challenges WHAT HAPPENED? On March 23, 2020, the SEC acknowledged in an announcement that it is aware of challenges with meeting certain requirements for initial access to the EDGAR filing system; in particular, the Form ID application process and [...]
SEC Issues Additional Relief and Guidance as COVID-19 Creates Obstacles WHAT HAPPENED? In response to the unusual state of global securities infrastructures stemming from COVID-19, the SEC is continuing to provide regulatory relief to struggling entities. This week, the SEC expanded on a recently released relief package to extend [...]
How and Why to File Form N-LIQUID WHAT HAPPENED? The ripple-effects of the COVID-19 pandemic continue to spread, causing overall market volatility and even market closings in some countries. These fluctuating circumstances may affect funds’ liquidity, triggering some of the SEC’s liquidity risk management initiatives. One requirement of these [...]
