Tag: Coronavirus
The SEC’s Divisions of Investment Management and Trading and Markets have issued a statement providing no-action relief from failure to deliver certain international adviser and fund communications. The relief applies...
June 25, 2020
Tags: Form ADV, Privacy, Coronavirus, COVID-19, Cybersecurity, Form CRS, Investment Company
The IAA’s second annual Trading and Best Execution Summit, cosponsored by Capital Markets Strategies, took place on June 18 in the midst of sweeping SEC initiatives designed to bring significant...
June 24, 2020
Tags: Best Execution, Brett Redfearn, Coronavirus, COVID-19, Hester Peirce, Jay Clayton, Trading
The IRS has published guidance regarding CARES Act provisions on Coronavirus-related distributions and loans from retirement plans. The CARES Act provided relief from the 10 percent penalty and 20 percent...
June 22, 2020
Tags: CARES Act, Coronavirus, COVID-19, IRAs, IRS, Retirement Plans
SEC Extends Relief for In-Person Board Meetings
The SEC has issued an order that extends the time for relief from the in-person fund board meeting requirement until no earlier than December 31, 2020. This order supersedes the SEC’s prior order...
June 22, 2020
Tags: Coronavirus, COVID-19
Clayton Urges Increased Care for Retail Investors in Wake of Pandemic
Jay Clayton Saying the effects of the COVID-19 pandemic “weigh substantially in favor of implementing Reg BI and Form CRS requirements as soon as practicable,” SEC Chairman Jay Clayton...
June 18, 2020
Tags: CARES Act, Coronavirus, COVID-19, Form CRS, IRAs, Jay Clayton, Reg BI, Retirement Plans
Trump Signs Legislation to Relax PPP Restrictions After Congress Passes Measure Overwhelmingly
Several restrictions on companies that borrow money through the Paycheck Protection Program have been relaxed under legislation approved unanimously in a Senate voice vote and by a 417-1 vote in...
June 05, 2020
Tags: Congress, Coronavirus, COVID-19, Inside the Beltway, PPP
House Votes Nearly Unanimously to Relax PPP Restrictions
Several restrictions on companies that borrow money through the Paycheck Protection Program would be relaxed under a bill approved by the House on May 28 by a 417-1 vote. Rep....
May 29, 2020
Tags: Congress, Coronavirus, COVID-19, Inside the Beltway, PPP
SEC’s AMAC Discusses COVID-19 Impact, Outlines ESG, Private Investment Work Streams
In its second meeting since its formation, the SEC’s Asset Management Advisory Committee (AMAC) met on May 27 to discuss the effects of COVID-19 on the asset management industry and...
May 29, 2020
Tags: Money Market Funds, AMAC, Coronavirus, COVID-19, Dalia Blass, Electronic Delivery, ESG, ETFs, Jay Clayton, Private Funds, Private Offerings
SEC Enforcement and COVID-19: How Lessons from the Financial Crisis Apply Today
Based on public statements, including a recent speech discussing the operation of the Division of Enforcement’s COVID-19 Steering Committee (Enforcement speech), it is clear that the SEC Enforcement Staff (the...
May 27, 2020
Tags: Columns, Compliance Corner, Coronavirus, COVID-19, SEC Enforcement
SEC COVID-19 Market Monitoring Group Update
Following inquiries about its work, SEC Chairman Jay Clayton and Chief Economist S.P. Kothari issued an update on the efforts of the internal, interdisciplinary COVID-19 Market Monitoring Group (the Group)...
May 19, 2020
Tags: Coronavirus, COVID-19, FSOC, Jay Clayton, Systemic Risk
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