Home ->> CDIAC ->> Education ->> Description

Webinar Description

Securities and Exchange Commission (SEC) Municipalities Continuing Disclosure Cooperation Initiative: A Call to All Municipal Issuers
April 28, 2014
10:00 AM to 11:00 AM Pacific Time
Cost: Free

On March 10, 2014, the SEC announced a new cooperative enforcement initiative designed to encourage any issuers and underwriters of municipal securities to self-report certain violations of the federal securities laws. Issuers and underwriters have up until September 10, 2014, under the Municipalities Continuing Disclosure Cooperation Initiative (the “MCDC Initiative”) to self-report materially inaccurate statements in a final official statement regarding the issuer’s prior compliance with its continuing obligations as described in Rule 15c2-12. The SEC offers no assurances to issuer and underwriters who do not take advantage of the MCDC Initiative. The webinar will provide information on the MCDC Initiative, including:

• The origins of the MCDC Initiative and why it is advantageous for issuers and underwriters to participate.
• Issuers and underwriters who should consider self-reporting under the MCDC Initiative.
• The process of self-reporting under the MCDC Initiative.

Materials:

• Agenda
• Register
• Presentation
• Recommended Readings:
  • SEC Launches Enforcement Cooperation Initiative for Municipal Issuers and Underwriters, Securities and Exchange Commission
  • Municipalities Continuing Disclosure Cooperation Initiative, Securities and Exchange Commission
  • Municipalities Continuing Disclosure Cooperation Initiative Questionnaire for Self-Reporting Entities, Securities and Exchange Commission
  • Municipal Market Disclosure: Comprehensive Annual Financial Report (CAFR) Filings – A Test of Compliance Among California Issuers, CDIAC No. 11-04
  • Securities and Exchange Commission 2010 Amendments of Rule 15c2-12 for Continuing Disclosure, CDIAC