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SEC to Permit Use of Electronic Signatures

November 20, 2020, Covington Alert

On November 17, 2020, the Securities and Exchange Commission (the “SEC”) took long-awaited action to modernize its electronic filing requirements to permit the use of electronic signatures in SEC filings. The rule amendments will become effective immediately upon their publication in the Federal Register.

We expect that public companies and other filing persons will welcome these amendments to promote efficiency in the electronic filing process, particularly in light of challenges associated with the COVID-19 pandemic and technological developments that have led to the widespread acceptance of electronic signatures for other purposes.

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