SEC Provides Hurricane Relief

On September 28, 2017, the Securities and Exchange Commission announced regulatory relief for a broad class of companies and others affected by Hurricane Harvey, Hurricane Irma, and Hurricane Maria. The SEC staff also indicated that it would be responsive to other issues that these parties may face if brought to the staff's attention on a case-by-case basis.

The SEC issued an exemptive order that conditionally exempts affected persons from certain requirements of the federal securities laws for a period following the hurricanes. This relief includes additional time for public companies to file Exchange Act reports and provides that filings made in accordance with the order will be deemed current and timely for purposes of Form S 3 eligibility, Form S 8 eligibility and the current public information requirements of Rule 144(c).