Ok. Not quite as epic as a MacGyver plan…
…but the SEC does have a Plan A and possible a Plan B if the government agencies are forced to close on October 1.
FROM the SEC:
The SEC will remain open and operational in the event the federal government undergoes a lapse in appropriations on October 1.
Any changes to the SEC’s operational status after October 1 will be announced on this website.
The SEC’s current operational plan in the event of an SEC shutdown is available here.
For those of you who remember the government shut-down event from 2013 (read here), the “practical advice” is that IPO registrations may be affected. S-1 filings may not be totally stopped, but if 2015 mirrors 2013, the process becomes – for lack of better description – a “manual process.”
We are watching this closely.