The SEC Division of Corporation Finance and the Division of Investment Management encouraged issuers to allow shareholder proponents to present their proposals through "alternative means" during the 2020 and 2021 proxy seasons.
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The SEC provided certain limited exemptive relief from the “locate” and "close-out" requirements under its short sale regulations. The relief was provided because of COVID-19 related intermittent suspension of physical securities processing by the Depository Trust Company .
In a "Midyear 2020 Advocacy Report," FIA highlighted efforts to address the COVID-19 related economic and operational issues.
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.
In a new staff report on the nexus between central counterparties and clearing member banks, the Bank for International Settlements emphasized the need for central banks to evaluate the two entity types collectively.