Updates on temporary exemptive relief: SEC provides continued relief for BDCs regarding in-person board meetings and co-investment | Eversheds Sutherland (US) LLP
To embed, copy and paste the code into your website or blog: On January 5, 2021, the Securities and Exchange Commission (the SEC) issued a Public Statement updating the targeted regulatory relief that the SEC previously had granted in an effort to assist market participants, including business development companies (BDCs), throughout the coronavirus (COVID-19) pandemic (the Updated Relief Statement). As discussed further below, the two primary components of the Updated Relief Statement that apply to BDCs are as follows: In-Person Board Meetings. The SEC confirmed that the previously granted r...
Source: jdsupra.com