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More Filing Relief from the SEC

Posted on March 26, 2020 by Doug Cornelius
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The SEC must have realized that its relief from Form ADV filing and Form PF filing deadlines was not providing much relief. The SEC issued a new order for the deadlines.

You still have to send the SEC a notice that your firm is relying on the Order, but you no longer have to say why you can’t file the forms on a timely basis and don’t have to provide an estimated date for delivery.

The SEC has not extended the deadline. It’s still only 45 days.

If you are relying on the Order, you still need to post a notice on your firm’s website.

I think most firm’s are not going to take advantage of the order. Nobody wants to tell the SEC that can’t meet a deadline, even in the case of a pandemic.

Sources:

  • Order Under Section 206a Of The Investment Advisers Act Of 1940 Granting Exemptions From Specified Provisions Of The Investment Advisers Act And Certain Rules Thereunder

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