September 23, 2019
San Francisco Marriott Marquis
780 Mission St, San Francisco, CA 94103
Agenda | Slides
Amendments to Securities and Exchange Commission (SEC) Rule 15c2-12, which became effective February 27, 2019, added two new events that issuers of public debt must disclose to investors and other market participants. Issuers must disclose material financial obligations, as defined, and events connected to financial obligations that “reflect financial difficulties.” These two events, while defined in the context of the Rule, manifest themselves in countless forms within different public agencies. As a result, the obligation of issuers, underwriters, and legal counsel to identify, assess, and report disclosable events is more nuanced and, thus, more complex than the other event disclosures required under Rule 15c2-12. This program addresses the policy, legal, administrative, and transactional implications of Rule 15c2-12, as amended.