Continuing Disclosure & Coronavirus: Keep Filing If Possible
Resources / Disclosure Notes Continuing Disclosure & Coronavirus: Keep Filing If Possible The spread of Severe Acute Respiratory Syndrome 2 (commonly referred to as the “coronavirus”) in the United States, and the resulting disease known as COVID-19, has resulted...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 Issuer Compliance
Following an August 2018 rule change by the Securities and Exchange Commission, municipal issuers, conduit borrowers and other “obligated persons” will be required to file an event notice with EMMA for the incurrence of certain material “financial obligations” and for…
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…
Impact of Rule 15c2-12 Amendments
On August 20, 2018, the SEC adopted amendments to Rule 15c2-12 to expand the list of events requiring an event notice filing on EMMA. Our initial post describing the amendments is available here. This follow-up post provides additional detail about the amendments…