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Jay Clayton Chairman Jay Clayton during an open meeting of the U.S. Securities and Exchange Commission on June 5, 2019. Photo: Diego M. Radzinschi/ALM

As nearly every public company struggles with what to say about the impact of COVID-19 on the business and how to say it, two officials at the U.S. Securities and Exchange Commission on Wednesday released an unprecedented statement detailing what companies should disclose.

As most general counsel already realize, “this quarter, earnings statements and calls will not be routine,” the statement said.

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