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Social Distancing Stalls Shops’ Annual Reports, Mailings

Ignites

22 Apr 2020

Kelley Howes, vice chair of Morrison & Foerster’s Investment Management Group, spoke to Ignites about how the global reach of the pandemic has given rise to new and unique challenges to shareholder communications.

Financial printers are often tasked with creating regulatory filings, sending documents to the SEC and posting materials to a fund’s website, Kelley noted, adding that while the SEC offered some relief when it clarified that fund complexes only need to send paper prospectuses to new investors, they must still be punctual when filing reports online.

As a result, printers have had to “reorganize their processes” to continue preparing Edgar versions of documents and uploading electronic reports to clients’ websites, all while producing enough paper copies for new investors, Kelley said.

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