SEC to Offer Hurricane Victims Regulatory Relief

November 9, 2017

Announced in a September 28 news release, the Securities and Exchange Commission (“SEC”) will provide regulatory relief to publicly traded businesses, investment companies, municipal advisors and others impacted by Hurricanes Harvey, Irma and Maria and their aftermaths.

Property loss, power outages, and the lack of transportation and mail delivery are creating compliance issues for some individuals and companies. As a result, the SEC will conditionally exempt those affected by the hurricanes from certain provisions of the federal securities laws for periods following the storms. Additionally, the SEC extended the filing deadlines for specified reports and forms that entities must file in accordance with Regulation Crowdfunding and Regulation A.

Some entities and other individuals impacted by the hurricanes may need additional or different guidance in complying with the federal securities laws. The SEC staff plans to address such issues on a case-by-case basis. Impacted entities and individuals requiring additional assistance should contact the SEC staff for relief or interpretive guidance.