Regulatory relief may not be in sight for issuers as they grapple with how to deal with late filings because of the pandemic.
Ahmed Abonamah, deputy director of the Securities and Exchange Commission’s Office of Municipal Securities discussed his views on disclosure and COVID-19 during a Thursday webinar hosted by the Municipal Securities Rulemaking Board.
Participants asked if the SEC would provide regulatory relief for late financial filings because of the difficulty to access materials since many people have begun working remotely. Abonamah noted that disclosures issuers make pursuant to their continuing disclosure agreements are governed by contractual obligations between the issuer and investors.
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