Emergency Rule 3-13 waiver requests during government shutdown
Hot Topic | October 2025
KPMG highlights the SEC’s Q&A on requests for emergency relief under Rule 3-13 during the government shutdown.
The SEC’s Division of Corporation Finance issued a Q&A on emergency Rule 3-13 waiver requests. We offer insights into seeking emergency relief during the US federal government shutdown.
Applicability
SEC.gov | Division of Corporation Finance
- Public companies, including domestic and foreign private issuers
Relevant dates
- Effective immediately
Key impacts
On October 1, 2025, the SEC closed, except for limited essential personnel, resulting from the partial US federal government shutdown.
Waiver requests under Rule 3-13 of Regulation S-X will only be considered by the staff of the SEC’s Division of Corporation Finance (Corp Fin) in emergency situations.
This publication discusses:
- the Corp Fin Q&A on emergency relief under Rule 3-13 during the shutdown;
- considerations for determining whether an emergency exists; and
- requirements for submitting an emergency relief request.
Report contents
- Applicability
- Fact and impacts
- Emergency waiver requests
- KPMG observations
- Additional Corp Fin Q&As
Download the document:
Rule 3-13 waiver
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