Presents the 18th Annual CDIAC Pre-Conference to
The Bond Buyer’s 29th Annual California Public Finance Conference:
Administering Disclosure Obligations Under
Amended SEC Rule 15c2-12
September 23, 2019
San Francisco Marriott Marquis
780 Mission St,
San Francisco, CA 94103
Agenda
| Slides
Amendments to Securities and Exchange Commission (SEC) Rule 15c2-12, which became effective February 27, 2019, added two new events that issuers of public debt must disclose to investors and other market participants. Issuers must disclose material financial obligations, as defined, and events connected to financial obligations that “reflect financial difficulties.” These two events, while defined in the context of the Rule, manifest themselves in countless forms within different public agencies. As a result, the obligation of issuers, underwriters, and legal counsel to identify, assess, and report disclosable events is more nuanced and, thus, more complex than the other event disclosures required under Rule 15c2-12. This program addresses the policy, legal, administrative, and transactional implications of Rule 15c2-12, as amended.
Speakers
- Brooke Abola, Deputy City Attorney, Office of the San Francisco City Attorney
- Raul Amezcua, Managing Director, Stifel
- Arto Becker, Partner, Hawkins Delafield & Wood LLP
- Mark Blake, Deputy City Attorney, Office of the San Francisco City Attorney
- Natalie Brill, Chief of Debt Management, City of Los Angeles
- Daniel Deaton, Partner, Nixon Peabody
- Andre Douzdjian, Finance Director, San Diego Association of Governments
- Felipe Lopez, Vice President of Business Services and Assistant Superintendent, Cerritos College
- Fiona Ma, CPA, California State Treasurer
- Mary McPike, Director of Municipal Oversight Division, Stifel
- Rich Morales, Debt Manager, San Francisco Public Utilities Commission
- Christine Reynolds, Partner, Orrick Herrington & Sutcliffe LLP
- Dave Sanchez, Senior Counsel, Norton Rose Fulbright
- Anna Van Degna, Director, San Francisco Controller’s Office of Public Finance
- Carlos Villafuerte, Shareholder, Stradling Yocca Carlson & Rauth, P.C.