On March 13, 2020, the Securities and Exchange Commission (SEC) announced the issuance of an order (the Order) that provides temporary relief under certain provisions of the Investment Advisers Act of 1940 (Advisers Act) for registered investment advisers (RIAs) affected by the outbreak of the coronavirus, also known as COVID-19. The SEC acknowledged the disruptions the COVID-19 outbreak may cause to RIAs’ access to facilities, personnel and third-party service providers in order to comply with their obligations under the Advisers Act.
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