Table of Contents:
Chapter 1
Introduction . . . 1
Chapter 2
Federal Securities Law . . . 2
Antifraud Rules . . . 2
Liability for Fraud . . . 3
Indirect Regulation of Issuers . . . 4
The SEC’s Evolving Role . . . 5
Chapter 3
The Official Statement . . . 7
The Preliminary Official Statement . . . 7
Purpose of the Official Statement . . . 8
Contents of the Official Statement . . . 8
Disclosure Guidance . . . 11
Securities with Credit or Liquidity Support . . . 11
Conduit Obligations . . . 12
Chapter 4
Preparing an Official Statement . . . 13
Determine the Team and Define Roles and Responsibilities . . . 13
Establish a Process for Ensuring the Accuracy and Completeness of the Official Statement . . . 15
Prepare and Review the Official Statement . . . 16
Due Diligence . . . 17
Governing Board Approval . . . 18
Publication . . . 19
Other Marketing Activities and Other Public Statements . . . 19
Chapter 5
Post-Issuance Disclosure . . . 21
Contents of the Annual Report . . . 22
Material Event Notices . . . 22
Filing Post-Issuance Disclosure . . . 24
Exceptions to Post-Issuance Disclosure Rules . . . 24
Incentives for Compliance . . . 24
Informal Statements by Issuers . . . 25
Questions from Investors . . . 25
Chapter 6
Disclosure in the Information Age . . . 26
Risks of Electronic Disclosure . . . 26
Controlling Investor Access to Electronic Disclosure . . . 27
Contacts . . . Inside Back Cover
Please see full Publication below for further information.
Please see full publication below for more information.
