Office of Municipal Securities Issues Legal Bulletin on Public Statements of Municipal Issuers
Resources / Disclosure Notes Office of Municipal Securities Issues Legal Bulletin on Public Statements of Municipal Issuers Staff of the Securities and Exchange Commission’s Office of Municipal Securities (“OMS”) released a Legal Bulletin (the “Legal Bulletin”) on...The New 15c2-12 Event Requirements – A Practical Approach to Underwriter Due Diligence
The recent amendments to SEC Rule 15c2-12 (the “Rule”), which must be incorporated into continuing disclosure undertakings effective on or after February 27, 2019, have caused municipal underwriting firms to review existing due diligence processes and procedures. In…
Seven Things Everyone Asks About Continuing Disclosure
In a vain attempt to be like the trendy media outlets that use odd-numbered lists and slightly misleading headlines as clickbait, we present answers to seven commonly asked questions about the continuing disclosure requirements of SEC Rule 15c2-12…
Everyone Gets a CUSIP! (Unless an Exception Applies.)
In an act of generosity a little bit like the famous 2004 episode of the Oprah Winfrey Show (“You get a car! You get a car! You get a car!”), the MSRB recently amended its Rule G-34 to clarify the requirement that placement agents and municipal advisors obtain CUSIPs*…