Issuers Not Clear On Upcoming 15c2-12 Amendments.pdf

Issuers-not-clear-on-upcoming-15c2-12-amendments-_-Bond-Buyer.pdf
Preview of Issuers not clear on upcoming 15c2-12 amendments
🔗 Source: rihebc.com
📊 Size: 120 KB
📄 Pages: 3 pages
⬇️ Downloads: 34

Summary

Issuers are unclear about upcoming 15c2-12 amendments, set to take effect at the end of February, which add two new material events to the list of occurrences that issuers must disclose within ten business days. The new events include disclosing financial obligations and agreements that could affect security holders, as well as events that reflect financial difficulties. Issuers are having trouble determining when financial difficulties start and are concerned about the broad scope of the new requirements, which may lead to increased work and monitoring. They plan to seek guidance from bond counsel due to lack of clarity from the SEC.

Description

Issuers are unclear about upcoming 15c2-12 amendments, set to take effect at the end of February, which add two new material events to the list of occurrences...

Technical Information

  • File Format: PDF
  • File Size: 120 KB
  • Pages: 3
  • Language: EN
  • Total Downloads: 34
  • Last Updated: 4 days ago

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