Securities Administrator Extends Order Providing COVID-19 Relief

Maine Office of Securities sent this bulletin at 10/27/2020 02:23 PM EDT

SECURITIES BANNER

STATE OF MAINE
OFFICE OF SECURITIES
121 STATE HOUSE STATION
AUGUSTA, MAINE 04333-0121

 

 

ORDER EXTENDING ORDER NO. 2020-11 ADDRESSING DISRUPTIONS IN INVESTMENT ADVISER AND BROKER-DEALER OPERATIONS AND SECURITIES REGISTRATIONS RESULTING FROM CORONAVIRUS 

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ORDER No. 2020-53

ORDER

 

WHEREAS, an Order Addressing Disruptions in Investment Adviser and Broker-Dealer Operations and Securities Registrations Resulting From Coronavirus, Order No. 2020-11, was issued by the Securities Administrator on March 25, 2020; 

WHEREAS, an Order Extending Order No. 2020-11 Addressing Disruptions in Investment Adviser and Broker-Dealer Operations and Securities Registrations Resulting From Coronavirus, Order No. 2020-18, was issued on April 24, 2020; 

WHEREAS, a second Order Extending Order No. 2020-11 Addressing Disruptions in Investment Adviser and Broker-Dealer Operations and Securities Registrations Resulting From Coronavirus, Order No. 2020-31, was issued on June 26, 2020; 

WHEREAS, a third Order Extending Order No. 2020-11 Addressing Disruptions in Investment Adviser and Broker-Dealer Operations and Securities Registrations Resulting From Coronavirus, Order No. 2020-44, was issued on July 29, 2020; 

WHEREAS, Order No. 2020-11 provides temporary relief from certain regulatory requirements for the securities industry which is experiencing disruptions in business as a result of the covid-19 pandemic; 

WHEREAS, the Order, as extended and amended by Order No. 2020-44, is set to expire on October 31, 2020; 

WHEREAS, the disruption to the securities industry caused by the covid-19 pandemic is expected to continue beyond October 31, 2020 necessitating continued relief; 

NOW, THEREFORE, under the authority of Sections 16307, 16406(5), and 16605 of the Maine Uniform Securities Act, it is hereby ORDERED that:

 

  1. Expiration of Order No. 2020-11, as extended and amended by Order No. 2020-44, is extended until January 29, 2021. 
  1. The Order remains unchanged in all other respects.

 

The provisions contained in Order No. 2020-11 are temporary and shall remain in effect only until January 29, 2021, unless the Order is subsequently modified, extended or rescinded.     

   

 

   

Dated:       October 27, 2020                      s/Judith M. Shaw
                                                                         Judith M. Shaw
                                                                         Securities Administrator