DIVER for Issuers 2017-09-29T10:44:59+00:00

DIVER Disclosure Management for Municipal Issuers

The SEC is holding issuers and their officials accountable for 15c2-12 disclosure failures. Underwriters are demanding more complete disclosure and policies, procedures and processes to gain comfort around your practices. This is the new normal when it comes to 15c2-12.

DIVER Disclosure Management tools help maximize access to capital markets and minimize regulatory risks.

Specifially, Issuers need to be able to give Underwriters and the marketplace confidence that:

  • All representations in the POS/OS are accurate.
  • The Issuer will comply with their disclosure requirements going forward.

We recommend the following best practices:

  • Address the Past and Ensure Accuracy in the POS and OS Disclosure by conducting  a detailed 15c2-12 five-year look-back analysis to understand filing obligations and identify missed filings.

  • Utilize a notification service to alert you in advance of upcoming filing obligations such as the Audit and Financial and Operating data.

  • Consider a statement in the new issue POS/OS regarding steps taken and the use of a notification/monitoring service for prospective filing obligations and post-filing 15c2-12 “refresh” to ensure filings are done properly.

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DIVER for Issuers Pricing Table

# of Issues (up to)Annual Cost
10$1,000
20$1,750
30$2,500
40$3,250
50$4,000

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