Compliance News: Financial Industry Coronavirus (COVID-19) Resources

Financial Industry Coronavirus (COVID-19) Resources

Regulator Updates

• SEC Provides Temporary, Conditional Relief to Allow Small Businesses to Pursue Expedited Crowdfunding Offerings (5/4/20)

  1. SEC Provides Additional Temporary Regulatory Relief and Assistance to Market Participants Affected by COVID-19 (3/26/2020)

  2. Temporary Exemptive Order: Regarding Rule 606 of Regulation NMS Under the Exchange Act in Response to the Effects of COVID-19 (3/25/2020)

  3. Staff Statement: Regarding Rule 302(b) of Regulation S-T in Light of COVID-19 Concerns (3/24/2020)

  4. Conditional Exemptive Order: Relief for Registered Transfer Agents and Certain Other Persons Affected by COVID-19

  5. Immediate Effectiveness of Proposed Rule Change: Facilitating NYSE Electronic Auctions in Light of Temporary Closure of Physical Trading Floor

  6. Staff No Action Letter: Affiliated Purchases under Rule 17a-9 of the Investment Company Act (3/19/2020)

  7. Staff Guidance: New and Updated Frequently Asked Questions for Investment Advisers on: Conducting Investment Advisory Business from a Temporary Location (Form ADV Item 1.F) & Inadvertent Adviser Custody During a Temporary Office Closure (Question II.1) (3/16/2020)

  8. Staff No Action Letter:  Consolidated Audit Trail Reporting (3/16/2020)

  9. Immediate Effectiveness of Proposed Rule Change:  Facilitating Continued Operations of the Cboe Options Exchange In Light Of Temporary Suspension of Cboe Physical Trading Floor (3/14/2020)

  10. Conditional Exemptive Order: Targeted Action to Assist Funds and Advisers, Permit Virtual Board Meetings and Provide Conditional Relief From Certain Filing Procedures for Funds and Investment Advisers Affected by COVID-19 (3/13/2020)

  11. Staff Guidance:  Providing Guidance to Facilitate Continued Shareholder Engagement, Including at Virtual Annual Meetings, for Companies and Funds Affected by COVID-19 (3/13/2020)

  12. Staff Statement: Fund Board Meetings and Unforeseen or Emergency Circumstances Related to COVID-19 (3/4/2020)

  13. Conditional Exemptive Order: Providing Conditional Regulatory Relief and Assistance for Companies Affected by COVID-19 (3/4/2020)

  14. Joint Statement: Effects of the Coronavirus on Financial Reporting 2/19/2020

  15. Statement from Chairman Clayton: Impact of the Coronavirus 1/30/2020

  16. Select COVID-19 Compliance Risks and Considerations for Broker-Dealers and Investment Advisers (8/12/20) Visit the SEC’s Release Here: https://www.sec.gov/files/Risk%20Alert%20-%20COVID-19%20Compliance.pdf 

• FINRA

  • Frequently Asked Questions Related to Regulatory Relief Due to the Coronavirus Pandemic

  • FINRA Coronavirus Pandemic Page

  • FINRA Rules & Guidance Related to COVID-19

  • FINRA Regulatory Notice: Pandemic-Related Business Continuity Planning, Guidance and Regulatory Relief (March 9, 2020)

• MSRB

  • MSRB Notice: MSRB Reminds Regulated Entities of Application of Supervisory Requirements in Light of Coronavirus (March 9, 2020)

• CFTC/NFA

  • NFA Notice to Members: Information on CFTC Regulatory Reporting Requirements (March 12, 2020)

  • NFA-CFTC Notice to Members: Information on Coronavirus/COVID-19 (March 4, 2020)

• FCA

  • FCA Statement on Covid-19 (March 4, 2020)

• FFIEC

  • FFIEC Highlights Pandemic Preparedness Guidance (March 6, 2020) / FFIEC Interagency Statement on Pandemic Planning

  • Bank of England

    • Our response to coronavirus (COVID-19)

Exchange & CCP Guidance

• CBOE

  • Novel Coronavirus Update

• CME Group

  • Ways to Access Markets During Close of Chicago Trading Floor 

• ICE/NYSE

  • Market Resiliency During Times of Extreme Volatility (Actions, Rules and Market Mechanisms)

  • COVID-19: Preparedness and Market Navigation (March 6, 2020)

• OCC

  • Unscheduled Market Closings Guide

Common Practices

• The Novel Coronavirus – Common Practices Amongst the Financial Industry for Responding to COVID-19 (SIFMA)

• Illustrative Example of Financial Firm Pandemic Planning (SIFMA)

• Management Checklist for Teleworking Surge During COVID-19 Response (Healthcare & Public Health Sector Coordinating Councils)

Cybersecurity and Infrastructure Security Agency (CISA)

• Coronavirus Updates and Information

• US DHS Cybersecurity and Infrastructure Security Agency (CISA) Insights: Risk Management for COVID-19

• Critical Infrastructure Sectors

• Memorandum on the Identification of Essential Critical Infrastructure Workers During COVID-19 Response

Industry Operations

• DTCC: Coronavirus Disease (COVID-19) – Physical Securities Processing

• Tradeweb: TW SEF and DW SEF Covid-19-related CFTC Filing and Notifications

General Coronavirus (COVID-19) Resources

World Health Organization (WHO)

• Coronavirus Disease (COVID-19) Outbreak

• Coronavirus Disease (COVID-19) Situation Reports

• Advice on the Use of Masks

Centers for Disease Control and Prevention (CDC)

• Coronavirus Disease 2019 (COVID-19)

• Travel Health Notices

• Updated Preparedness and Response Framework for Influenza Pandemics

Government Resources

• Ready.gov Pandemic Preparation and Response Resources 

• New York City Office of Emergency Management (NYC OEM)

• U.S. Department of State Emergency Alert: Novel Coronavirus

• USA.gov Government Response to Coronavirus, COVID-19

State Government Resources

• MultiState Associates

  • State and Local Covid-19 Response Information

• National Governors Association (NGA)

  • Coronavirus – What You Need to Know

  • What Steps Have States Taken to Address Coronavirus?

  • See Also: SIFMA Letter to the NGA re: Essential Business During Shelter-in-Place Directives (March 20, 2020)

• National Conference of State Legislatures (NCSL)

  • Coronavirus and State Legislatures in the News

  • Coronavirus (COVID-19) Resources

  • COVID-19 and Elections

• North American State Securities Administrators Association

  • COVID-19 Updates From State and Provincial Securities Regulators

• Quick Links to State-Specific Information

  • California

  • Connecticut

  • Illinois

  • Maryland

  • Massachusetts

  • New Jersey

  • New York

    • New York City Office of Emergency Management (NYC OEM)

    • MTA: Coronavirus Updates: What to Know About the MTA

    • Corporate Emergency Access System (CEAS)

Common Practices

• The Novel Coronavirus – Common Practices Amongst the Financial Industry for Responding to COVID-19 (SIFMA)

• Illustrative Example of Financial Firm Pandemic Planning (SIFMA)

• Management Checklist for Teleworking Surge During COVID-19 Response (Healthcare & Public Health Sector Coordinating Councils)

Market Close Information

• Joint Market Trade Associations Statement on Keeping Financial Markets Open Amid Coronavirus (March 20, 2020)

• SIFMA Holiday Schedule Recommendations

Industry Operations

• DTCC: Latest updates in response to COVID-19

• Tradeweb: TW SEF and DW SEF Covid-19-related CFTC Filing and Notifications

Industry Associations 

• American Bankers Association (ABA)

• Financial Services Forum (FSF)

• Futures Industry Association (FIA)

• International Capital Market Association (ICMA)

• International Swaps and Derivatives Association (ISDA)

• National Association of Insurance and Financial Advisors (NAIFA)

Other

• Coronavirus COVID-19 Global Cases (Johns Hopkins CSSE)

• Coronavirus Projections by State (University of Washington)

• The Event 201 Scenario: A Global Pandemic Exercise (Johns Hopkins, World Economic For