
The COVID-19 environment, now and post crisis, is likely to impact how the SEC views its priorities. This should include a renewed focus on regulation and rules for Business Continuity Plans (BCP), money market funds and financial disclosures, where concerns were exposed by the crisis and disruption of markets. Amy Lynch, Founder and President of FrontLine, sees the SEC scrutinizing firms’ BCPs and their effectiveness, both when firm employees first began working remotely, and when they return to offices in phases. Ms Lynch adds that the SEC’s 2016 rule proposal that would have required firms to have a plan for an emergency, while never finalized, may be revisited by the regulator. See IGNITES (subscription required), “Covid Exposes Areas That Need More – and Fewer – SEC Rules“