SEC Issues Interim Guidance As Shutdown Continues: What Clients Need To Know

At the strike of midnight on Wednesday, October 1, 2025, the U.S. government shut down due to a lapse in appropriations. Roughly three weeks later, the Senate failed to advance legislation that would reopen the government. The shutdown will almost certainly extend into the final week of October, with no clear end in sight.

Almost all federal agencies are impacted by the government shutdown, including the Securities and Exchange Commission (SEC or the Commission) and its Division of Corporation Finance (the Division)¹, which oversees the registration of securities, filing of corporate disclosures and operation of the Electronic Data Gathering, Analysis, and Retrieval system database (EDGAR). EDGAR is the central filing repository of required public company, mutual fund, insider and some private company filings. To provide guidance to issuers and filers during the shutdown, the Division published a series of on the SEC's website (most recently updated on October 9,