Alert February 17, 2009

SEC Extends Comment Period for Concept Release on the Use of International Financial Reporting Standards by U.S. Issuers

The SEC extended the period for public comment on its concept release on the use of International Financial Reporting Standards (“IFRS”) by U.S. issuers, including investment companies, in preparing their financial statements.  The original comment scheduled to end on February 19, 2009 has been extended until Monday, April 20, 2009.