Late in the day on Friday, March 13, 2020, and in response to the evolving situation surrounding the coronavirus 2019 ("COVID-19"), the US Securities and Exchange Commission ("SEC") published two orders providing temporary, conditional exemptions from certain filing and delivery requirements under the Investment Advisers Act of 1940 and from in-person meeting and certain filing requirements under the Investment Company Act of 1940. This Legal Update provides further detail.
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This Mayer Brown article provides information and comments on legal issues and developments of interest. The foregoing is not a comprehensive treatment of the subject matter covered and is not intended to provide legal advice. Readers should seek specific legal advice before taking any action with respect to the matters discussed herein.