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ARTICLE · 07 APRIL 2020

SEC Provides Additional COVID-19 Relief

On March 26, 2020, the SEC announced that it is providing additional temporary relief to market participants in light of the COVID-19 pandemic. The relief covers (i) parties needing to file a Form ID...

United StatesCoronavirus (COVID-19)

On March 26, 2020, the SEC announced that it is providing additional temporary relief to market participants in light of the COVID-19 pandemic. The relief covers (i) parties needing to file a Form ID to gain access to the EDGAR system and (ii) certain company filing obligations under Regulation A and Regulation Crowdfunding.

Temporary Relief from Form ID Notarization Requirement

To use the SEC's EDGAR system to make required filings, applicants must complete an online application and submit a notarized document that includes the Form ID and confirms its authenticity. In light of the COVID-19 pandemic, the SEC recognized that many applicants have been unable to secure the required notarization. Accordingly, the SEC adopted a temporary final rule that provides relief from the notarization requirement from March 26, 2020 through July 1, 2020, subject to certain conditions. An applicant relying on this temporary rule must indicate on its manually signed Form ID that

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