Home ->> CDIAC ->> Education ->> Presentation Material and Readings

Presentation Material and Readings

Municipal Market Disclosure
March 3, 2020
Hilton Irvine / Orange County Airport
Irvine, California

Presentation Material

If you would like hard copies of material for the seminar, we suggest you print:

• Combined Slides

PowerPoint Slides By Session

• Session One: Why Is Disclosure Important?
  Kevin Civale, Shareholder, Stradling Yocca Carlson & Rauth, P.C.
  Jeff Land, Vice President, Brandis Tallman LLC
• Session Two: Initial Disclosure
  James Wawrzyniak Jr., Shareholder, Jones Hall
  Brian Wong, Debt Manager, City of Sacramento
• Session Three: Federal Continuing Disclosure Requirements
  Dave Davies, Senior Project Manager, Federal Compliance Group, Willdan Financial Services
  Victor Hsu, Partner, Norton Rose Fulbright
  Kyle Johnson, Assistant Finance Director, City of Glendora
  Debra Saunders, Director, Citigroup
• Session Four: California’s Disclosure Requirements
  Robert Berry, Executive Director, CDIAC
• Session Five: Internal Roles and Responsibilities of Continuing Disclosure
  Arto Becker, Partner, Hawkins Delafield & Wood LLP
  Margaret Moggia, Executive Manager of Finance, West Basin Municipal Water
  Kyle Johnson, Assistant Finance Director, City of Glendora
• Session Six: One Year Lookback: Amended SEC Rule 15c2-12
  Raul Amezcua, Managing Director, Stifel
  Arto Becker, Partner, Hawkins Delafield & Wood LLP
  Lakshmi Kommi, Director of Debt Management, City of San Diego
• Session Seven: Initial Disclosure of Climate Change Risks in the California Municipal Market
  Session Seven Handout
  Kelly Joy, Research Data Specialist II, CDIAC
  Tara Dunn, Research Data Specialist II, CDIAC

Recommended Readings

• CDIAC Resources
  Debt Financing Guide
  Guidance on Complying with SB 1029
  Notification to Submitters of Debt Information Under Government Code Section 8855 (i) – (k)
  CDIAC Reporting Forms, Regulations & Guidance, and Fees Portal
  
  
• GFOA Disclosure Best Practices
  Primary Market Disclosure
  Understanding Your Continuing Disclosure Responsibilities
  Post-Issuance Policies and Procedures
  Using Technology for Disclosure
  Maintaining an Investor Relations Program
  
  
• MSRB Resources
  Disclosing Information to Investors Portal
  
  
• National Federation of Municipal Analysts (NFMA)
  Best Practices in Disclosure Portal

Current Topics

• Amended SEC Rule 15c2-12
   o MSRB 10 Things to Know: New SEC Rule 15c2-12 Requirements
   o NABL Federal Securities Law: Amendments to Rule 15c2-12
  
  
• SEC Staff Bulletin, 2/7/2020
  Application of Antifraud Provisions to Public Statements of Issuers and Obligated Persons of Municipal Securities in the Secondary Market: Staff Legal Bulletin No. 21 (OMS)
   o Hawkins Advisory, 2/13/2020
      SEC Staff Guidance Regarding Secondary Market Disclosure
   o Nixon Peabody Public Finance Alert, 2/14/2020
      SEC staff releases antifraud guidance for public statements made by issuers of municipal securities
   o Chapman Client Alert, 2/19/2020
      SEC Staff Issues Guidance on Public Statements of Municipal Issuers
  
  
• SEC Advisory Committee, Fixed Income Market Structure Advisory Committee (FIMSAC), Preliminary Recommendation, 2/10/2020
  Timeliness of Financial Disclosures in the Municipal Securities Market
   o Chapman Client Alert, 2/18/2020
      SEC Committee Makes Recommendations Regarding Timeliness of Financial Disclosures in the Municipal Securities Market
   o Orrick Public Finance Alert, 2/20/2020
      SEC Committee Makes Recommendations On Municipal Securities Disclosure Practices