Federal Reserve Regulation ZZ Implementing the Adjustable Interest Rate (LIBOR) Act
The Federal Reserve System Board of Governors (the “Federal Reserve”) wrapped up an eventful 2022 with a gift of clarity for those concerned with the mechanics of converting United States dollar denominated London Interbank Offered Rate-based interest rate calculations to rely instead on the Secured Overnight Financing Rate (respectively, “USD LIBOR” and “SOFR”). Regulation ZZ, implementing the Adjustable Interest Rate (LIBOR) Act (respectively, the “Regulation” and the “Federal LIBOR Act”) will become effective on February 27, 2023.1,2Market participants who are parties to the.. › About › Publications
Update on the Municipal Securities Market
This Hawkins Advisory provides an update on selected matters of interest to the municipal securities market and its participants. In particular, this Advisory reviews (i) the Financial Data Transparency Act of 2022 (the “FDTA”), which was signed into law on December 23, 2022;1(ii) developments in enforcement actions regarding limited offerings; and (iii) the status of certain pending rulemaking by the Securities and Exchange Commission (the “SEC”) and the Municipal Securities Rulemaking Board (the “MSRB”). › About › Publications
Hawkins Named to 2023 Best Law Firms List
Hawkins has again received national and regional recognition in the U.S. News - Best Lawyers® "Best Law Firms" Directory. › About › News
Carol McCoog Assumes NABL President-Elect Position
Carol McCoog has been elected President-elect of the National Association of Bond Lawyers (NABL). › About › News
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. › About › Publications
Hawkins Attorneys Named In The Best Lawyers in America 2023 List
As the only national law firm in the United States whose practice is devoted primarily to public finance and public projects, Hawkins is pleased to announce that the following attorneys were named in the 29th edition of The Best Lawyers in America in the Public Finance Law practice area. › About › News
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. › About › Publications
Securities Law Update › About › Events
Hawkins Assists with the Merger of Two Not-For-Profit Private Universities
Northeastern University, a private, not-for-profit university based in Boston, merged with Mills College, a private, not-for-profit college based in Oakland, California. › About › News