To facilitate the flow of credit to the economy, the Federal Reserve Board established two new "Main Street" loan facilities to provide approximately $2.3 trillion in loans to small- and medium-sized businesses.
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Federal Reserve Board Chair Jerome H. Powell described emergency measures taken to facilitate the flow of credit in the economy for borrowers.
The SEC Office of Compliance Inspections and Examinations described the scope and content of initial examinations for Regulation Best Interest and Form CRS .
The SEC Division of Corporate Finance and Division of Investment Management updated guidance on conducting shareholder meetings during the COVID-19 pandemic.
The SEC adopted rule and form amendments to "modify the registration, communications, and offering processes” for business development companies (a type of closed-end investment company that is not registered) and registered closed-end investment companies.