The Securities and Exchange Commission (SEC) recently launched its Municipal Continuing Disclosure Compliance (MCDC) initiative, which was designed to motivate municipal market participants to police themselves. The initiative encourages self-reporting related to possible material misstatements in offering documents regarding issuers’ compliance with past continuing disclosure undertakings. The MCDC program’s settlement terms expire on September 10, 2014.
Participants in the municipal market should begin reviewing their compliance with secondary market disclosure undertakings over the past decade and ascertain if such compliance was accurately reported in all primary offerings in the past five years. If any noncompliance is found, issuers and underwriters should consult with counsel to determine the potential repercussions of self-reporting or not self-reporting.
This webinar will focus on what various participants in the municipal market, including issuers, borrowers, and underwriters, need to know about the MCDC initiative and considerations that should be made before self-reporting.
Date and Time
Wednesday, May 21, 2014
12:00 PM – 1:00 PM ET
Speakers
John C. Grugan, Ballard Spahr
Bradley D. Patterson, Ballard Spahr
Matt Duke, Partner, Avant Strategic Partners
REGISTER HERE
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