SEC Notice Re Acceleration in Event of Prolonged Shutdown

By Cydney Posner

The SEC has posted the following notice regarding acceleration of registration statements if there is a change in  operating status.

"We understand that the ongoing uncertainty about possible changes in the SEC's operating status in the event of a prolonged federal government shutdown is raising concerns for registrants that are planning to request acceleration of their registration statements in the near future. If a change in our operating status becomes imminent, we will provide as much advance notice as we can and will consider granting requests for acceleration of the effective date of those pending registration statements."

Questions should be directed to the Assistant Director or Office Chief of the Office overseeing the filing.

This content is provided for general informational purposes only, and your access or use of the content does not create an attorney-client relationship between you or your organization and Cooley LLP, Cooley (UK) LLP, or any other affiliated practice or entity (collectively referred to as “Cooley”). By accessing this content, you agree that the information provided does not constitute legal or other professional advice. This content is not a substitute for obtaining legal advice from a qualified attorney licensed in your jurisdiction and you should not act or refrain from acting based on this content. This content may be changed without notice. It is not guaranteed to be complete, correct or up to date, and it may not reflect the most current legal developments. Prior results do not guarantee a similar outcome. Do not send any confidential information to Cooley, as we do not have any duty to keep any information you provide to us confidential. This content may be considered Attorney Advertising and is subject to our legal notices.