March 4, 2020
The U.S. Securities and Exchange Commission on Wednesday said publicly traded companies affected by the coronavirus can have an additional 45 days to file regulatory disclosures that would have been due between March 1 and April 30.
The announcement applies to a range of materials covered by the Exchange Act and associated regulations. For example, it could apply to annual reports for companies with different financial calendars, as well as the 6-Ks filed by certain foreign companies and 8-Ks, which signal notable events, New York partner Adele Hogan told Law 360.
The SEC guidance says companies must explain why the relief is needed. “It’s important that companies think through the implications of taking this relief,” she said. “Whatever reason they give for needing an extension or conditional relief, they should make sure they have adequate evidence to back it up.”
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