Committee
Securities Law and Disclosure
Advises on developments in federal securities laws and produces organizational content pertaining to securities laws and disclosure practices in the municipal securities market.
Latest from the Committee
On the PRA Review of SEC Rule 15c2-12
Comments in response to the U.S. Securities and Exchange Commission’s Paperwork Reduction Review of burdens associated with the application of Rule 15c-12.
Response to the Proposed FDTA Joint Standards
Comments in response to the joint data standards proposed by several financial regulators per the Financial Data Transparency Act (FDTA).
Financial Data Transparency Act (FDTA)
Legislation passed at the end of 2022 to apply data standards to information submitted to and managed by several financial regulators, including the MSRB.
Hot Topics in Securities
This panel will include practitioners and securities regulators discussing the most pressing federal securities law issues facing the municipal bond market, with a focus on how to implement practical and…
What’s the Risk? Considerations in Drafting Risk Factors Disclosures
A discussion session on NABL’s newest report examining legal considerations pertaining to risk factors disclosure was held on August 23, 2023.
What’s the Risk? Considerations in Drafting Risk Factors Disclosures
Join the Securities Law and Disclosure Committee (SLDC) on August 23 for a discussion session on NABL’s newest report examining legal considerations pertaining to risk factors disclosure.
Committee Leadership
Chair
Hillary Phelps
Chapman and Cutler LLP
Chicago, IL
Vice Chair
Ryan Callender
Squire Patton Boggs LLP
Cleveland, OH
Board Liaison
Jeff Qualkinbush
Barnes & Thornburg LLP
Indianapolis, IN
Current Committee Projects
Forward Delivery Bonds FAQ
The Securities Law and Disclosure Committee (SLDC) is working on a frequently asked questions (FAQ) document covering the basic mechanics of a forward delivery; documentation requirements and best practices of…
Model CDA
The Securities Law and Disclosure Committee (SLDC) is working to update our Model Continuing Disclosure Agreement (CDA).