California Debt and Investment Advisory Commission: Disclosure Policies: What Every Issuer Should Consider

Wednesday, October 14, 2015
10:00 AM - 11:45 AM Pacific Daylight Time

The Securities and Exchange Commission (SEC) had stressed the importance of adopting written disclosure policies and procedures for issuers to ensure the accurate and timely communication of material information to the municipal market. More recently, various SEC enforcement actions coming out of the Municipalities Continuing Disclosure Cooperation (MCDC) Initiative have imposed written disclosure policies and associated training as an element of the settlements. The results of the SEC’s review of issuers’ disclosure practices under the MCDC Initiative are expected to be released in the near future.

In an effort to provide guidance to the market, the National Association of Bond Lawyers has released a report titled Crafting Disclosure Policies, which explores the benefits and practical considerations in drafting written policies and procedures. This webinar will provide a detailed discussion of the report as well as the key elements to address in the policy development process.

Peter Chan \\ Partner, Morgan Lewis
Daniel M. Deaton \\  Partner, Nixon Peabody LLP
John M. McNally \\  Partner, Hawkins Delafield & Wood LLP