Bloomberg Law
April 21, 2020, 9:31 AMUpdated: April 21, 2020, 2:26 PM

SEC Braces for More ‘Virtual’ Votes as Virus Lingers (1)

Andrew Ramonas
Andrew Ramonas
Securities Regulation Reporter

The SEC’s first-ever public vote during a “virtual” meeting earlier this month likely won’t be its last during the coronavirus pandemic, Chairman Jay Clayton said.

Clayton told Bloomberg Law in a recent interview that the Securities and Exchange Commission will continue working on regulatory matters that aren’t related to the coronavirus. That could mean more virtual meetings like the one held April 8 to approve streamlined offering rules for business development companies and other closed-end funds.

“We’re going to allocate our resources in the way that’s best for investors and our markets,” Clayton said of the agency’s rulemaking efforts. He ...

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