June 2, 2014
Webinar
On April 28, 2014, the California Debt and Investment Advisory Commission broadcast a webinar highlighting the Municipalities Continuing Disclosure Cooperation Initiative (the “MCDC Initiative”). This initiative allows underwriters and issuers to self-report no later than September 10, 2014, material inaccuracies in a final official statement regarding prior compliance with continuing disclosure obligations under Rule 15c2-12. To take advantage of this program, issuers will have to undertake a rigorous analysis of their exposure as well as fully consider the consequences of self-reporting or not reporting.