As of Saturday, January 20 at 12:01 am EST the government officially shut many of its operations. Unfortunately, according to the procedures outlined in the Securities and Exchange Commission’s contingency operation planning document, the federal shutdown could have far-reaching effects for the agency.
According to SEC.gov, in the case of a shutdown the agency will remain open for a limited number of days, fully staffed and focused on the agency's mission. A prolonged shutdown however could impact staff support for EDGAR. According to the SEC’s operations plan:
The Commission's EDGAR system is operated pursuant to a contract and thus will remain fully functional as long as funding for the contractor remains available through permitted means. SEC personnel will be able to process requests for EDGAR access codes and password resets; answer questions about fee-bearing EDGAR filings and other emergency questions regarding EDGAR submissions. However, the Divisions of Corporation Finance, Investment Management, and Trading and Markets, and the Office of Compliance Inspections and Examinations will be unable to process filings, provide interpretive advice, issue no-action letters or conduct any other normal Division and Office activities. As a result, new or pending registration statements or applications for exemptive relief will not be processed regardless of the status of any review of those filings.
At a high-level, EDGAR will continue to operate. Filers should be able to submit filings, but the registration statement process may be delayed.
The Toppan Vintage teams will continue to monitor activities and news from the SEC and we will update our information in real-time.
If you have any questions, please contact your Toppan Vintage representative, or refer to the below list of SEC emergency contacts:
Division of Corporation Finance
Division of Investment Management
Division of Trading and Markets
Division of Enforcement
Division of Economic and Risk Analysis
Office of Compliance Inspections and Examinations
Office of the Secretary
Office of International Affairs
Office of Public Affairs
Office of the Chief Accountant