On Friday, January 19, 2018, the Securities and Exchange Commission ("SEC") announced that "should there be a federal government shutdown after January 19, the SEC will remain open for a limited number of days, fully staffed and focused on the agency's mission." We understand that all of the SEC's operations, including filing reviews, no-action and interpretive requests and acceleration requests, will continue as normal during this period as a result of remaining appropriations or other sources of funding. Using carryover funds from appropriations, the SEC has been able to stay open during prior federal government shutdowns, including as recently as the shutdown in 2013.

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