SEC Issues Guidance on COVID-19 Related Temporary International Mail Service Suspensions

June 25th | 2020

SEC Staff in the Division of Trading and Markets and the Division of Investment Management recently published guidance regarding requirements under the federal securities laws to mail certain regulatory communications to shareholders, clients and customers who (1) have mailing addresses located in international jurisdictions where the United States Postal Service, other common carrier, or public or private foreign postal operator has temporarily suspended international mail service due to impacts related to COVID-19 and (2) have not consented to electronic delivery of these regulatory communications.

In short, the staff will not recommend the SEC take enforcement action against a Delivering Entity (e.g., broker-dealers, investment advisers, and other intermediaries with clients or customers in Affected Jurisdictions) with respect to the failure to deliver mailings to recipients in Affected Jurisdictions if Delivering Entities carefully comply with conditions specified on the SEC’s website, which are quite detailed and entail, among other things, notice to the SEC, notice affected clients, and ongoing monitoring of the situation in Affected Jurisdiction.

San Francisco | Chicago | New York

65 E. Wacker Pl STE 610 | Chicago, IL 60601

San Francisco Office

Send Us a Message

12 Geary St STE 502 | San Francisco, CA 94108

  • White LinkedIn Icon
  • White Instagram Icon
  • White Twitter Icon

© 2020 by Titan Regulation & Advisory