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SEC Provides Updates in Response to Coronavirus Disease 2019

The U.S. Securities and Exchange Commission (the SEC) is continuing to provide updates regarding its response to COVID-19 and the related effects on the securities markets. On Jan. 30, Chairman Jon Clayton first recommended that his staff monitor and provide guidance and other assistance to issuers and other market participants regarding disclosures related to the current and potential effects of COVID-19, and further statements followed in February and throughout March (for example, regarding virtual shareholder meetings,). An additional important statement that was issued earlier this month was an order that, subject to certain conditions (including the need for an 8-K or 6-K, as applicable, filing describing the delay and the reasons behind it) provides publicly traded companies with an additional 45 days to file certain disclosure reports that would otherwise have been due between March 1 and April 30, 2020. As recently as March 22, the SEC issued an order providing certain relief to transfer agents.

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About this Author

Aaron Katz, Greenberg Traurig Law Firm, Tel Aviv, Private Wealth and Corporate Law Attorney
Associate

Aaron R. Katz represents companies and private equity firms in connection with various corporate transactions as well as general corporate counseling and governance. He focuses his practice on representing strategic and financial buyers and sellers in transactions, including mergers, stock and asset acquisitions, divestitures and financings involving companies across a variety of industries based throughout the world. Aaron’s global experience is emphasized by having worked with clients from around the world, including Israel, the U.S., China and Europe. Moreover, he has...

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