Publicly-traded companies impacted by the novel coronavirus (covid-19) may obtain a conditional regulatory relief and assistance Securities and Exchange Commission (SEC).
The SEC recognized that publicly-traded companies with operations or
To address the possible compliance problems, the Commission issued an order providing publicly-traded companies additional 45 days to file certain disclosure reports. The supposed deadline for these reports is between March 1 and April 20, 2020.
According to the SEC, in a current report, a publicly-traded company must explain its circumstances/reasons why it needs conditional regulatory relief and assistance.
Companies must prevent selective disclosures related to the impacts of coronavirus
The Commission is reminding all companies to “take necessary steps to avoid selective disclosures” related to the impacts of the coronavirus and “to disseminate such information broadly. It is also encouraging “all companies and other related persons to consider their activities in light of their disclosure obligations under the federal securities laws.”
