The SEC initially provided relief from the in-person voting requirements for fund boards in March 2020, and has now extended that relief until at least December 31, 2020. The SEC is providing this extension given the current circumstances and to provide flexibility for boards of registered funds and business development companies.
In March, the Commission also provided relief from other requirements under the Investment Company Act and Investment Advisers Act, but will not be extending those at this time.
The SEC encourages you to contact the staff with any questions or concerns you may have as they continue to assess the impacts of COVID-19 on investors and market participants.
Feel free to contact us with any questions or concerns.
The Team at Vigilant