If you’re wondering how the SEC is getting all of its work done these days, they’re working remote like a lot of people and seem to be adapting. A while ago, the SEC set up a webpage that gives general information about its operations during COVID-19.
The SEC’s recent open meeting, during which it approved offering rules for business development companies, was held virtually, although it’s not clear when they might do this again. For that meeting, the audio was played live through access on the SEC website, and Bloomberg Law reported that apparently Chairman Clayton participated in the meeting from his office at SEC headquarters while Commissioner Allison Lee participated from her home kitchen. The SEC reportedly held “several dry runs” to prepare — an all too familiar exercise for many of us.
Meanwhile, a notice for an upcoming meeting of the Small Business Capital Formation Advisory Committee says that it will be conducted via videoconference following the same format used for an ad-hoc meeting held earlier this month. The Committee has an archived webcast from the April ad-hoc meeting available on the SEC’s website.
-Lynn Jokela, TheCorporateCounsel.net April 27, 2020
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