If the federal government shuts down, an extremely limited number of SEC staffers will be available to respond to emergency situations involving the safety of human life or the protection of property, including law enforcement.  Certain Commission systems will be operating under modified conditions.

        Corporate Finance, Investment Management, Trading & Markets, OCIE.  The EDGAR system will remain fully functional, but staffers in the captioned divisions and office will not:  (i) process filings;  (ii) issue interpretations;  (iii) issue no-action letters;  or, (iv) conduct any other normal activities. 

        IARD, Div. of Investment Management.   The SEC's IARD system will remain fully functional and continue to accept filings, including annual and other-than-annual amendments to Form ADV and Form ADV-E filings.   However, (i) OCIE won't be approving applications for IA registration;  (ii) Invest. Mgmt staffers won't issue interpretive advice, nor consider applications for exemptive relief under the Advisers Act.

        CRD and Transfer Agent Registration System.   The CRD system will remain fully functional and continue to accept filings, as will the Transfer Agent Registration System.  However, the Div. of Trading & Markets and OCIE won't:  (i) review pending filings;  (ii) consider new or pending applications or registrations;  (iii) provide interpretive advice;  (iv) issue no-action letters;  (v) conduct any other normal Division and Office activities.

        Division of Enforcement.    A limited number of staffer will be available to perform critical functions and/or respond to certain critical matters - e.g., allegations of ongoing fraud and misconduct.

For further details, go to:   [SEC Update Re: SEC Functions During .."]