{"id":"AGY-FED-FINANCIAL-054","kind":"order","level":"federal","jurisdiction":"United States; Securities and Exchange Commission (federal)","state":"","metro":"","industry":"","agency":"FED-FINANCIAL","eco":"","issuer":"Securities and Exchange Commission","authority":"15 U.S.C. § 78q-1(c)(1); § 78mm","instrument":"Release No. 34-88448, Order Under Sections 17A and 36 of the Securities Exchange Act of 1934 Granting Exemptions from Specified Provisions of the Exchange Act and Certain Rules Thereunder [for Registered Transfer Agents and Certain Other Persons]","title":"Conditional Exemptive Order: Relief for Registered Transfer Agents and Certain Other Persons Affected by COVID-19","dateIssued":"2020-03-20","effective":"2020-03-16 (relief covers the period from and including March 16, 2020)","end":"2020-05-30; extended to 2020-06-30 by Release No. 34-88960 (Ex. 062)","startDate":"2020-03-16","endDate":"2020-05-30","quarters":["2020Q2"],"types":["OTHER","TELE"],"addressees":["registered transfer agents","persons subject to Exchange Act § 17(f)(2) fingerprinting"],"clause":"The Commission understands from transfer agents and their representatives, as well [as from other market participants, that COVID-19 has disrupted their operations]... Accordingly, IT IS ORDERED, pursuant to Sections 17A and 36 of the Exchange [Act, that registered transfer agents are exempt from specified processing, record-keeping and reporting requirements for] the period from and including March 16, 2020, to May 30, 2020, [provided the transfer agent notifies] the Commission by May 30, 2020 of the following [information].","enforcement":"Conditional exemption; 15 U.S.C. § 78q-1(d)","functions":["CM capital markets operations (securities transfer, dividend and proxy processing)","OP (mail-room and physical certificate functions closed)","HR fingerprinting of new hires suspended","CB issuers and shareholders"],"notes":"Transfer agents process physical certificates and mail; the Commission found their facilities and staff unavailable and suspended turnaround and fingerprinting requirements","sourceUrl":"https://www.sec.gov/files/rules/exorders/2020/34-88448.pdf","snapshot":"","fileExists":true,"fileBytes":166722,"grade":"primary","character":"","description":"","collection":"AGY-FED-FINANCIAL","url":"/library/AGY-FED-FINANCIAL-054","exhibitUrl":"/exhibit/AGY-FED-FINANCIAL-054","citation":"Securities and Exchange Commission, Release No. 34-88448, Order Under Sections 17A and 36 of the Securities Exchange Act of 1934 Granting Exemptions from Specified Provisions of the Exchange Act and Certain Rules Thereunder [for Registered Transfer Agents and Certain Other Persons] (Mar. 20, 2020) (Ex. AGY-FED-FINANCIAL-054)","stateName":"","related":["AGY-FED-FINANCIAL-051","AGY-FED-FINANCIAL-052","AGY-FED-FINANCIAL-057","AGY-FED-FINANCIAL-058","AGY-FED-FINANCIAL-064","AGY-FED-FINANCIAL-055","AGY-FED-FINANCIAL-056","AGY-FED-FINANCIAL-059","AGY-FED-FINANCIAL-060","AGY-FED-FINANCIAL-050","AGY-FED-FINANCIAL-061","AGY-FED-FINANCIAL-062"]}