SEC Forms Cross-Divisional COVID-19 Market Monitoring Group and Announces Investor Advisory Committee Meeting

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In an effort to keep up with the monitoring of, and response to, the effects and evolving dynamics of the COVID-19 pandemic, on April 24, 2020, the Securities and Exchange Commission (SEC) announced the formation of an internal, cross-divisional COVID-19 Market Monitoring Group. This temporary, senior-level group will assist the SEC and its various divisions and offices in (1) SEC and staff actions and analysis related to the effects of COVID-19 on markets, issuers, and investors and (2) responding to requests for information, analysis, and assistance from fellow regulators and other public sector partners.

The COVID-19 Market Monitoring Group will work closely with personnel from across the agency and also assist in the SEC’s efforts to coordinate with and support the COVID-19-related efforts of other federal financial agencies and other bodies.

On April 27, 2020, the SEC also announced that its Investor Advisory Committee will hold a remote public meeting on May 4, 2020. The meeting will include a discussion of public company disclosure considerations in a COVID-19 pandemic context, and a discussion of public company shareholder engagement/virtual shareholder meetings in a COVID-19 pandemic context. The full meeting agenda can be found here.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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