The SEC extended (i) the filing periods included in previous conditional reporting relief from specific filing obligations, and (ii) certain regulatory relief provided previously for funds and investment advisers whose operations may have been impacted by COVID-19.

A FINRA proposal to modify its suitability requirements and rules governing non-cash compensation to conform to the stricter standards of Regulation Best Interest was published in the Federal Register.

FINRA provided its member firms temporary relief from the Form U4 fingerprinting requirements. FINRA also issued additional resources designed to help its members navigate restrictions and regulatory relief as a result of the coronavirus pandemic.

The Federal Reserve Bank of New York provided FAQs on the recently established Commercial Paper Funding Facility.

The Financial Conduct Authority, Bank of England and members of the Working Group on Sterling Risk-Free Reference Rates reaffirmed that firms should not rely on LIBOR being published after 2021, even with the impact of COVID-19 on markets.