April 7, 2020

COVID-19 Update: SEC Guidance on COVID-19 Related Disclosure Considerations


On March 25, 2020, the Securities and Exchange Commission (“SEC”) published CF Disclosure Guidance: Topic No. 9 (the “Disclosure Release”) to provide guidance to registrants regarding their disclosure obligations with respect to the impact of coronavirus disease 2019 (“COVID-19”) on their operations. 

The Disclosure Release encourages registrants to assess the continued effects of COVID-19 on their operations when considering appropriate public disclosures regarding related risks, including how the company and management are responding to them, in a way that is specific to a company’s situation in order to allow investors to evaluate the current and expected impact of COVID-19 on the company’s operations. Key points from the Disclosure Release, and practical considerations that public companies may consider in light of the Disclosure Release, are summarized below.

To read the full client alert, COVID-19 Update: SEC Guidance on COVID-19 Related Disclosure Considerations, please click here.

For additional insights into the business and legal implications of the COVID-19 pandemic, please visit our Knowledge Center.