Public Finance Alert: SEC Adopts Amendments to Rule 15c2-12
18 June 2010Public Finance Alert
On 26 May 2010 the Securities and Exchange Commission published Release No. 34-62184A (Release), adopting amendments (Amendments) to the continuing disclosure provisions of Rule 15c2-12 (Rule). The compliance date of the Amendments is 1 December 2010. The SEC indicates in the Release that the Amendments will impact only those continuing disclosure agreements that are entered into in connection with primary offerings of municipal securities that are subject to the Rule and that occur on or after the 1 December 2010 compliance date of the Amendments. Existing continuing disclosure agreements will not be required to be amended to conform to the Amendments. This Public Finance Alert summarizes the Amendments.