SEC Staff Releases New FAQs re Municipal Advisor

Hawkins Advisory

This Advisory summarizes and analyzes the additional FAQs and related responses regarding the Municipal Advisor Rules.  On May 19, 2014, the staff of the Securities and Exchange Commission (the “SEC”) posted on the SEC’s website an updated set of “Frequently Asked Questions” (“FAQs”) and related responses regarding the SEC’s final rules (the “Rules”) governing the definition, registration, and regulation of municipal advisors that were issued on September 18, 2013. A Hawkins Advisory dated October 3, 2013, described and analyzed the Rules, and a Hawkins Advisory dated January 24, 2014, summarized and analyzed the initial FAQs (released January 10, 2014). This Hawkins Advisory summarizes and analyzes the updated FAQs (the “FAQs II”).

Also of Interest

  • Carol McCoog Assumes NABL President-Elect Position
    Carol McCoog has been elected President-elect of the National Association of Bond Lawyers (NABL).
  • SEC Actions – Rule 15c2-12 Limited Offering Exemption
    This Advisory examines how, for the first time, the SEC has brought charges against underwriters who fail to meet the legal requirements of the limited offering exemption provided by Rule 15c2-12 in connection with offerings of municipal securities.
  • Municipal Market — Federal Securities Law Update (2022)
    This Hawkins Advisory provides an update on the municipal securities market and related federal securities law regulation. In particular, this Advisory reviews (i) the current composition of the Securities and Exchange Commission (the “SEC”) and its regulatory priorities; (ii) the SEC’s proposed rules on climate change disclosure and other environmental, social, and governance (“ESG”) initiatives; (iii) developments in cybersecurity disclosure; and (iv) recent SEC enforcement actions in the municipal securities market.
  • Federal Legislation Moves SOFR Closer
    This edition of  the Hawkins Advisory discusses the recent federal legislation signed into law on March 15, 2022.