In-Person Meeting Relief Extended to Dec. 31, 2020
The SEC announced that it is extending conditional relief from the in-person voting requirements for fund boards that it originally provided in March 2020. That relief will now extend at least through December 31, 2020. The SEC said the extension is designed to provide flexibility to boards of registered funds and BDCs that may continue to face challenges meeting in person. The in-person board meeting relief was part of broader exemptive orders providing temporary relief from several requirements of the 1940 Act and Advisers Act. The SEC said it is not extending the other relief provided in those orders at this time.