The Securities and Exchange Commission (SEC) has noted the recent general disruption to business operations across the country and the challenges this may have posed on businesses.
The SEC is also aware that the disruption to business operations may have prevented public companies, capital market operators and other regulated entities from convening meetings for the purpose of considering quarterly financial statements that were due to be filed/released by October 30, 2020.
In view of the above, the SEC hereby grants public companies, capital market operators and other regulated entities, a thirty-day grace period for the submission of their quarterly financial statements.
The quarterly financial statements are now due for submission by Monday, November 30, 2020.