SIFMA Releases Guidance to Help Municipal Underwriters Comply with New Disclosure Requirements

SIFMA today announced it is releasing a set of model documents and related guidance to help municipal securities underwriters comply with new requirements, effective August 2, 2012, for disclosure to municipal issuers set forth by MSRB Rule G-17. These documents are intended to be a starting point for disclosures regarding the underwriter's role, compensation, and conflicts, as well as risks inherent in certain complex financial transactions. SIFMA encourages underwriters to expand or modify these documents as necessary to encompass unique financial characteristics and risks not included in the original model.

View release in full here(links externally to SIFMA website).