Bank Loan Disclosure Goes to Washington


The Securities and Exchange Commission (SEC) recently approved amendments to Rule 15c-212 that will affect the entire municipal bond market. While the SEC Rules do not directly require issuers of municipal securities to adhere to
disclosure requirements, issuers have a responsibility to abide by their continuing disclosure agreements (CDA). Language related to disclosing bank loans and capital leases is required in CDAs beginning in February 2019. This
session will discuss how the issuer community has responded to the amendments and what finance officers can expect moving forward.