March 26, 2020
On March 25, 2020, the SEC issued a revised order superseding a prior order from March 13, 2020 providing relief from certain provisions of the 1940 Act for registered investment companies (funds) whose operations may be affected by the coronavirus (1940 Act Order). The 1940 Act Order addresses: (i) the in-person voting requirements for certain approvals under Sections 15(c) and 32(a) and Rules 12b-1 and 15a-4; (ii) the filing requirements relating to Forms N-CEN and N-PORT; (iii) the transmittal to shareholders of annual and semi-annual reports; and (iv) the notice filing requirements relating to Form N-23C-2.
The SEC’s press release and the 1940 Act Order are available at the links below:
https://www.sec.gov/news/press-release/2020-73
https://www.sec.gov/rules/other/2020/ic-33824.pdf
This Seward & Kissel memorandum describes the 1940 Act Order in greater detail: https://www.sewkis.com/publications/sec-provides-revised-relief-to-assist-registered-funds-affected-by-the-coronavirus/
November 27, 2024
November 19, 2024
November 12, 2024
November 11, 2024
November 5, 2024
November 4, 2024
November 1, 2024
October 31, 2024
October 24, 2024
October 9, 2024
October 8, 2024
The opinions expressed are those of the author(s) and do not necessarily reflect the views of the firm or its clients, or any of its or their respective affiliates. This article is for general information purposes and is not intended to be and should not be taken as legal advice.
One Battery Park Plaza
New York, NY 10004
Phone (212) 574-1200
Fax (212) 480-8421
901 K Street, NW
Washington, DC 20001
Phone (202) 737-8833
Fax (212) 480-8421
Contact Us
General/Media Inquiries – info@sewkis.com
Legal Recruiting – recruiting@sewkis.com
Staff Recruiting – hr@sewkis.com
© 2024