SEC to listed firms: Report COVID-19 impact, risk mitigation actions | Bilyonaryo Business News
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SEC to listed firms: Report COVID-19 impact, risk mitigation actions

The Securities and Exchange Commission has reminded all publicly listed companies of their reporting obligations to provide material information related to the impact of coronavirus (COVID-19).

The Securities and Exchange Commission has reminded all publicly listed companies of their reporting obligations to provide material information related to the impact of coronavirus (COVID-19).

In a notice issued on March 12, the SEC said listed corporations must disclose the risks and impact of the COVID-19 outbreak not later than noon of March 16.

Publicly listed companies must include in their reports all measures they will undertake or have undertaken to mitigate the risks and impact of the COVID-19 outbreak.

The requirement is pursuant to the state policy to ensure full and fair disclosure about securities and the duty of issuers to report every fact that would reasonably be expected to materially affect the decision of investors to buy, sell or hold securities.

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