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Ex. AGY-FED-FINANCIAL-059 Order Primary source read

Release No. 34-88491, Order Under Section 15B and Section 36 of the Securities Exchange Act of 1934 Granting an Exemption for Municipal Advisors from Specified Provisions of the Exchange Act and Certain Rules Thereunder

Conditional Exemptive Order: Providing Conditional Regulatory Relief for Registered Municipal Advisors Affected by the Coronavirus Disease 2019

Securities and Exchange Commission · United States; Securities and Exchange Commission (federal) (Federal)

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The COVID Project

The record

Jurisdiction
United States; Securities and Exchange Commission (federal)
Level
Federal
Authority
15 U.S.C. § 78o-4(a)(4); § 78mm
Issued
2020-03-26 Mar. 26, 2020
Effective
2020-03-26
End
Form MA annual updates due on or before 2020-06-30 (filing within 45 days after the original due date) (read as 2020-06-30)
In force
Mar. 26, 2020 to June 30, 2020
Quarters
2020 Q22020 Q3
Limitation types
Other
Addressees
  • registered municipal advisors
Functions reached
  • WM municipal advisory compliance
  • OP
  • CB municipal issuers
Collection
Federal financial regulators AGY-FED-FINANCIAL

Operative words

[The Commission is providing a] temporary conditional exemption from certain requirements of the Exchange Act for municipal advisors. In particular, the Commission recognizes that municipal advisors may face challenges [in timely filing the] advisor's annual update to Form MA as a result of COVID-19.

Enforcement

Conditional exemption from 15 U.S.C. § 78o-4 and Rule 15Ba1-5

Notes

Municipal advisors serve the State and local issuers whose own offices were closed

A record of The COVID Project. The instrument's text is the source's; the summary fields are The COVID Project's reading of it. Not legal advice.