COVID-19: US SEC Provides Temporary, Conditional Relief to Funds and Advisers (Updated)

In response to the evolving situation surrounding the coronavirus 2019 (“COVID- 19”) and the uncertainty as to the duration of the nationwide disruptions to businesses and everyday activities caused by COVID-19, the US Securities and Exchange Commission (“SEC”) on March 25, 2020, extended two orders originally published on March 13, 2020 providing temporary, conditional exemptions from certain filing and delivery requirements under the Investment Advisers Act of 1940 (the “Advisers Act”) and from in-person meeting and certain filing requirements under the Investment Company Act of 1940 (the “1940 Act”).