SEC Chair Jay Clayton, Commissioners Hester Peirce and Elad Roisman and Office of Municipal Securities Director Rebecca Olsen solicited feedback on ways to improve municipal securities disclosure practices.
IOSCO urged issuers of securities to make "timely and high quality" disclosures, that are entity-specific, about the impact of COVID-19 on an issuer's operating performance, financial position, liquidity, and future prospects.
The DOL adopted a rule amendment to create a new safe harbor which allows certain employee benefit plan administrators to provide plan participants with information using electronic media as the default method of delivery.
At an Investor Advisory Committee meeting, SEC Chair Jay Clayton and Commissioner Hester M. Peirce raised issues concerning (i) emerging market investment risk and (ii) environmental, social and governance disclosures.
The CFTC Divisions of Market Oversight, Swap Dealer and Intermediary Oversight, and Clearing and Risk warned regulated entities "to prepare for the possibility that certain contracts may continue to experience extreme market volatility, low liquidity and possibly negative pricing."
The SEC temporary final rule providing smaller companies conditional relief from certain requirements under Regulation Crowdfunding was published in the Federal Register. The rule will be in effect from May 4, 2020 through March 1, 2021.
SEC Chair Jay Clayton and the Office of Municipal Securities Director Rebecca Olsen urged municipal securities issuers to provide improved forward-looking disclosures to investors during the COVID-19 pandemic.
At a special meeting of the SEC Investment Advisory Committee, SEC Chair Jay Clayton and Commissioner Hester M. Peirce emphasized the importance of public company disclosures during the COVID-19 pandemic.