A regulation currently getting a tremendous amount of attention in the tax exempt market space is SEC Rule 15c2-12. The SEC announced the Municipalities Continuing Disclosure Cooperation Initiative which provides Issuers and Underwriters the opportunity to self-report any required missed filings that may have occurred in the past. While the burdens that the SEC’s rule places on issuers and underwriters can be substantial, greater transparency may improve the market’s ability to appropriately price and trade municipal bonds.
Listen to our experts share BNY Mellon’s insight and capabilities that help support public and not-for-profit clients as they navigate the evolving regulations.
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1 The following are registered broker-dealer, wholly-owned subsidiaries of The Bank of New York Mellon Corporation: BNY Mellon Capital Markets, LLC, member FINRA/SIPC; BNY Mellon Capital Markets EMEA Limited is authorized and regulated by the Financial Conduct Authority UK under registration number 580200.
2 Source for The Bank of New York Mellon Global Markets Award Winning Research: Global Finance Magazine, World's Best Foreign Exchange Providers 2014, January 2014
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