SEC Forms Cross-Divisional COVID-19 Market Monitoring Group and Announces Investor Advisory Committee Meeting
In an effort to keep up with the monitoring of, and response to, the effects and evolving dynamics of the COVID-19 pandemic, on April 24, 2020, the Securities and Exchange Commission (SEC) announced the formation of an internal, cross-divisional COVID-19 Market Monitoring Group. This temporary, senior-level group will assist the SEC and its various divisions and offices in (1) SEC and staff actions and analysis related to the effects of COVID-19 on markets, issuers, and investors and (2) responding to requests for information, analysis, and assistance from fellow regulators and other public sector partners.
The COVID-19 Market Monitoring Group will work closely with personnel from across the agency and also assist in the SEC’s efforts to coordinate with and support the COVID-19-related efforts of other federal financial agencies and other bodies.
On April 27, 2020, the SEC also announced that its Investor Advisory Committee will hold a remote public meeting on May 4, 2020. The meeting will include a discussion of public company disclosure considerations in a COVID-19 pandemic context, and a discussion of public company shareholder engagement/virtual shareholder meetings in a COVID-19 pandemic context. The full meeting agenda can be found here.
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