On September 27th, the SEC advised that, in the event of a government shutdown, the Division of Corporation Finance’s activities will be significantly limited. The Division will be unable to accommodate requests for accelerating registration statements effectiveness, nor will it be able to qualify Form 1-A offering statements. On September 29th, SEC staff further advised registrants that, if they would like the Division of Corporation Finance to consider a request for acceleration of the effective date of a pending registration statement or qualification of a pending offering statement to be dated “September 29, 2023”, they may contact a staff member identified in the letter they received. Registrants also may contact the Disclosure Review Program at (202) 551-2076 or Christian Sandoe, Division of Investment Management, at (202) 551-6949. After 5:30 p.m. September 29th, the Division of Corporation Finance and the Division of Investment Management will not be able to consider requests until the SEC receives appropriations to fund its operations.
If there should be a government shutdown, beginning October 2nd, a limited number of staff members in the Division of Corporation Finance and Division of Investment Management will be available to respond to inquiries concerning fee calculations and emergency filing relief. Staff in the Division of Corporation Finance and Division of Investment Management will not be available to respond to other questions. Registrants that require assistance in these matters may submit requests and contact information via email to either CFEmergency@sec.gov or IMEmergency@sec.gov.
During a government shutdown, registrants may not contact staff in the Division of Corporation Finance or Division of Investment Management to report a tip or complaint. Instead, registrants should visit sec.gov to utilize the SEC’s online TCR system and complaint form to report concerns.
The SEC reminds that in every situation, responsibility for complete and accurate disclosure remains with the company and others involved in the preparation of a company’s filings.
Source:
Announcement Regarding Pending Registration Statements and Offering Statements (sec.gov)
