Our first post in this series examined the regulatory and contractual considerations for municipal securities issuers and conduit borrowers using shelf registration. Now we examine the equally important considerations for...more
Recently, a significant municipal issuer entered the market with its first sale under a $1 billion borrowing program that will use an offering statement style novel to the municipal market. For years, issuers of traditional...more
In responding to the Securities and Exchange Commission’s recent Municipalities Continuing Disclosure Cooperation (MCDC) initiative, the unanswered question for many municipalities and broker-dealers was determining whether...more
10/30/2015
/ Annual Filings ,
Broker-Dealer ,
Corporate Officers ,
Disclosure Requirements ,
Due Diligence ,
EMMA ,
Failure To Disclose ,
Failure-to-File ,
Insurance Industry ,
Material Misstatements ,
Materiality ,
MCDC ,
Municipal Securities Issuers ,
Municipal Securities Market ,
Municipalities ,
New Guidance ,
Omissions ,
Penalties ,
Policies and Procedures ,
Ratings ,
Securities and Exchange Commission (SEC) ,
Settlement ,
Training
Participants in the municipal securities market should take particular interest in the appointment of Elisse B. Walter as chair of the SEC. Her close association with regulation of the municipal securities market makes it...more