In light of the impact of coronavirus disease 2019 (“COVID-19”) on public companies’ operations and, subsequently, on their ability to timely file required reports, on March 25, 2020, the Securities and Exchange Commission (“SEC”) announced that it extended its conditional regulatory relief for publicly traded companies to include disclosure reports that would have otherwise been due between March 1 and July 1, 2020 (extending the SEC’s previous exemptive relief, which had originally applied to filings due between March 1 and April 30, 2020). The SEC’s exemptive relief extends the deadline for reports originally due to be filed during the relief period to the date that is no later than 45 days after the original due date, subject to certain requirements, as summarized below.
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