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ARTICLE · 17 APRIL 2014

Update On Municipalities Continuing Disclosure Cooperation Initiative

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The SEC announced that issuers and underwriters of municipal securities may voluntarily report materially inaccurate statements made in offering documents.

United StatesGovernment, Public Sector
George Greer
George Greer
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On March 10, 2014, the Securities and Exchange Commission ("SEC") announced that issuers and underwriters of municipal securities may voluntarily report materially inaccurate statements made in offering documents regarding prior continuing disclosure compliance through a program called the Municipalities Continuing Disclosure Cooperation Initiative (the "MCDC Initiative").

Orrick and BLX Group have issued a client alert with key information.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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