Budget season is always interesting as organizations look to their crystal balls to set goals for the coming year which inevitably includes the arduous task of resource management.
Lumesis Rule 15c2-12 ‘Reasonable Diligence’ Service for Competitive Deals to Include COVID-19 Review
Lumesis, home of the DIVER Underwriter platform, has announced that, effective immediately, it’s SEC Rule 15c2-12 pre-bid diligence for competitive deals will include a review of whether the POS includes language regarding COVID-19.
There have been important developments and discussions over the past few years about Securities and Exchange Commission Rule 15c2-12. First it was the Municipal Continuing Disclosure Cooperation Initiative, and then amendments to 15c2-12 itself.
Lumesis and Ballard Spahr co-hosted a webinar with The Bond Buyer on 15c2-12 disclosure for municipal issuers.
While many would prefer the SEC’s MCDC Initiative be a distant memory, the SEC’s Chief of the Enfor