Regulatory Alerts2017-11-01
New Rule and Sundry Amendments to the Rules and Regulations of the Commission
This regulatory update introduces comprehensive rules for revenue bonds, including mandatory disclosure requirements and credit enhancement mechanisms for state and local government issuers. It establishes stringent new timelines and electronic payment mandates for dividends, interest, and return monies to ensure efficiency and protect investors. Furthermore, the document updates merger and takeover regulations by defining triggering thresholds for mandatory bids and specifying the penalties and procedural obligations for entities failing to comply with takeover mandates.
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