SEC Divisions Announce Recommencement of Operations

SEC Divisions and Offices announced their transition plans regarding the recommencement of normal operations.

The Division of Trading and Markets plans to address any pending filings, submissions and requests for staff action based on when the items were submitted to the SEC. All SRO rule filings made through the Electronic Form Filing System ("EFFS") during the period from December 26, 2018 to January 28, 2019 will be deemed filed with the EFFS as of January 28, 2019.

The Office of Compliance Inspections and Examinations ("OCIE") said that it expects to resume examinations, "including those that were in-progress prior to, as well as those that were postponed during, the lapse in appropriations." The OCIE stated that staff members will be reaching out to registrants to reschedule postponed examinations and finish in-progress examinations in the coming weeks.

The Division of Investment Management and Division of Corporation Finance noted that it expects to address filings and exemption and guidance requests based on when they were altered or instantly filed.