Further to the earlier issued update on the Enhanced Compliance Incentive Plan (ECIP), the SEC has extended the deadline for application until December 31, 2024 per SEC MC No. 17, Series of 2024.  The ECIP is designed to help corporations resolve outstanding compliance issues with reduced penalties.

The extension provides additional time to fulfill all requirements, especially for suspended or revoked corporations, which must also file a Petition to Lift Order of Suspension/Revocation.  Failure to submit the complete requirements by the stated deadline will result in the forfeiture of ECIP fees.  

We encourage you to take advantage of this extended opportunity to ensure your corporation’s compliance and avoid further penalties. Please inform us if you require assistance with your ECIP application.