ARTICLE · 04 AUGUST 2014

SEC Modifies MCDC Initiative To Encourage Participation

Day Pitney LLP

Explore more from Day Pitney LLP

On July 31, the Securities Exchange Commission announced modifications to its Enforcement Division's Municipalities Continuing Disclosure Cooperation Initiative.

United StatesGovernment, Public Sector

Namita Tripathi Shah

Kristin Burgess

Author LinkedIn connections

On July 31, the Securities Exchange Commission (SEC) announced modifications to its Enforcement Division's Municipalities Continuing Disclosure Cooperation Initiative (Initiative). In an effort to encourage as much participation as possible in the Initiative, the SEC has extended the self-reporting deadline for issuers and obligated parties, established tiered caps on civil penalties, and offered to consider "reasonable, good faith and documented efforts" to identify potential violations, even if those violations are not discovered until after the expiration of the Initiative.

For issuers and obligated persons, the SEC has extended the self-reporting deadline from September 10, 2014, to December 1, 2014. The extension will provide issuers and obligors with more time to complete their reporting requirements and allows issuers time to consult with their underwriters and make determinations regarding appropriate next steps. The self-reporting deadline remains unchanged

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

Related Articles

Court Of Federal Claims Provides A Roadmap For Adequate Rule-of-Two Set Aside Market Research

United StatesGovernment, Public Sector

Crowell & Moring LLP

Fastest 5 Minutes: GSA & AI, Anthropic, Bid Protests (Podcast)

United StatesGovernment, Public Sector

Crowell & Moring LLP

DOJ And HHS Launch Healthcare False Claims Act Self-Disclosure Pilot Program

United StatesGovernment, Public Sector

Barnes & Thornburg LLP

A Self-Disclosure Game Changer: DOJ And HHS Announce “Healthcare False Claims Act Self-Disclosure Pilot Program”

United StatesGovernment, Public Sector

Goodwin Procter LLP

Compliance Notes - Vol. 7, Issue 21

United StatesGovernment, Public Sector

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

See more popular content from

Government, Public Sector

SBA Extends Deadline For Comments On Historic Overhaul Of Size Standards

The Small Business Administration has extended the comment period for two proposed rules that could dramatically reshape federal government contracting by significantly expanding the pool of entities eligible for small business set-aside procurements. With some size standard thresholds proposed to increase as much as tenfold, these changes would fundamentally alter the makeup of the small business contractor base.

United StatesGovernment, Public Sector

Crowell & Moring LLP

BIOSECURE Act Update: Court Enjoins WuXi AppTec’s 1260H Designation, but Strategic and Compliance Clocks Keep Running

The U.S. District Court for the District of Columbia has preliminarily enjoined the Department of War from enforcing WuXi AppTec's Section 1260H designation, finding the agency misread its evidence on state and military affiliation. However, this ruling does not close alternative pathways to biotechnology company of concern (BCC) designation under the BIOSECURE Act, and earlier supply-chain restrictions continue to drive near-term compliance decisions with a critical June 30, 2027 deadline for sub-tier supp

United StatesGovernment, Public Sector

Greenberg Traurig

Sanctions Update: October 19, 2026

This comprehensive sanctions update examines the US delisting of Venezuelan politician Jorge Rodriguez amid diplomatic negotiations and energy sector expansion, while tracking global sanctions developments including new US restrictions on Iranian banks, UK measures targeting hostile Iranian activities, EU designations for sanctions circumvention, and China's proposed export controls on advanced technologies.

GlobalGovernment, Public Sector

When Can Congress Refuse To Seat A Duly-Elected Candidate?

Never. In 1969, the U.S. Supreme Court ruled that the Speaker of the House could not exclude a duly-elected candidate for the U.S. House of Representatives.

United StatesGovernment, Public Sector

Holland & Knight

Massachusetts’ 2026 Ballot Questions: What Clients Need To Know

Massachusetts voters will decide nine statewide ballot questions in November 2026 that could fundamentally reshape the state's legal, regulatory, and fiscal landscape. These measures address government transparency, election reforms, housing development, marijuana regulation, firearms laws, and state revenue limits, with implications extending far beyond Election Day to implementation, regulation, and ongoing policy debates.

United StatesGovernment, Public Sector

Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.

FMCSA MOTUS Implementation – Common Motor Carrier Concerns

The Federal Motor Carrier Safety Administration launched MOTUS in May 2026, replacing legacy registration platforms and fundamentally changing how motor carriers, freight brokers, and surface freight forwarders handle operating authority applications and license maintenance. While designed to combat fraud and streamline registration activities, the transition has created significant user experience challenges that threaten operating authority status and customer relationships for transportation service prov

United StatesGovernment, Public Sector

Benesch, Friedlander, Coplan & Aronoff LLP

Weekly Sanctions Update: September 14, 2026

The Treasury Department intensifies economic pressure on Iran through Operation Economic Outcast, suspending aviation licenses and sanctioning dozens of entities while implementing a presumption of denial for Iran-related transactions. Meanwhile, new enforcement actions target Chinese cybercrime platforms, Ecuadorian terrorist organizations, and Israeli settlers, as Congress considers comprehensive Russia-Iran sanctions legislation.

GlobalGovernment, Public Sector

Weekly Sanctions Update: October 13, 2026

The US has authorized Russian diesel imports while simultaneously expanding sanctions against the International Criminal Court and Iran's shadow fleet. These developments highlight tensions between energy security concerns and sanctions enforcement, as international partners express divergence over US policy directions.

GlobalGovernment, Public Sector

DOJ Continues DEI False Claims Act Enforcement With $25 Million Accenture Settlement

The Department of Justice announced a $25 million settlement with Accenture Federal Services over allegations that the company violated the False Claims Act by falsely certifying compliance with anti-discrimination requirements while allegedly using race or sex in hiring, promotion, and access to professional development programs. This marks the third major DEI-related FCA enforcement action in 2026, following similar settlements with IBM and Deloitte.

United StatesGovernment, Public Sector

Bass, Berry & Sims PLC

The Analysts' Brief: The US-Russia Diesel Deal

The Trump administration's October 2025 diesel deal with Russia promises temporary sanctions relief to ease US fuel prices before midterm elections, but analysts question whether the limited supply will meaningfully impact global markets or represent a lasting shift in US-Russia relations. The agreement has already strained transatlantic partnerships and US-Ukraine cooperation while raising compliance uncertainties for businesses navigating evolving sanctions regimes.

GlobalGovernment, Public Sector