In a statement, SEC Chairman Jay Clayton said, “The health and safety of all participants in our markets [are] of paramount importance. While [the] timely public filing of Exchange Act reports is a cornerstone of well-functioning markets, we recognize that this situation may prevent certain issuers from compiling these reports within required timeframes.”
Additionally, Chairman Clayton reminded all companies to inform investors about their assessment and plans for addressing materials risks to their business and operations due to the coronavirus.
“How companies plan and respond to the events as they unfold can be material to an investment decision, and I urge companies to work with their audit committees and auditors to ensure that their financial reporting, auditing, and review processes are as robust as practicable in light of the circumstances in meeting the applicable requirements,” said Chairman Clayton.
