SEC extends deadline to file quarterly financials

SEC extends deadline to file quarterly financials

The Securities and Exchange Commission has extended the deadline for market operators to file quarterly financial statements for the period ended September 30, 2020 by a 30-day grace period.

The extension became necessary following the disruption of business operations across the country.

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The commission in a circular pasted on its website noted the recent general disruption to business operations across the country and the challenges it may have posed on businesses.

The circular stated, “The SEC is also aware that the disruption to business operations may have prevented public companies, capital market operators and other regulated entities from convening meetings for the purpose of considering quarterly financial statements that were due to be filed/released by October 30, 2020.

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“In view of the above, the SEC hereby grants public companies, capital market operators and other regulated entities, a thirty-day grace period for the submission of their quarterly financial statements.”

“The quarterly financial statements are now due for submission by Monday, November 30, 2020,” the SEC said.

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