The Securities and Exchange Commission said it is preparing relief measures that would extend filing deadlines for individuals and entities who have been affected by Hurricane Sandy and its aftermath.
The measure is aimed at helping them comply with their filing and other obligations under the federal securities laws, the SEC said Monday.
The SEC posted a notice on its Web site last Monday, Oct. 29, 2012, the day that the storm hit New York and New Jersey, stating that it understood filers might have difficulty making filings and that the staff would handle requests for filing date adjustments on a case-by-case basis.
SEC staff members are preparing relief measures that are expected to include extensions of filing deadlines for any filing due during the period from Oct. 29, 2012 to Nov. 20, 2012 for publicly traded companies, investment companies, investment advisers and other persons with filing obligations, accountants, brokerage firms and transfer agents, among others.
The SEC said it anticipated that the deadline for any such filing would be extended until Nov. 21, 2012, and the scope of the relief measures would extend to any individual and entity with a filing obligation that could not file on a timely basis due to Hurricane Sandy and its aftermath. The SEC staff will also consider requests for additional relief on a case-by-case basis.
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