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
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.
Understanding the Debt Ceiling
What are the debt ceiling and federal downgrades, and what do they mean for municipal bonds.
Joint Response to ABS Conflicts of Interests Proposal
Comments submitted by a NABL-led coalition in response to the SEC’s request for comments on its proposed rule “Prohibition Against Conflicts of Interest in Certain Securitizations.”
Roundtable on FDTA
Member-exclusive webinar and open discussion on the Financial Data Transparency Act (FDTA).
Tower Amendment
An essential check on federal overreach into state and local sovereignty.
Committee Leadership
Chair
Brandon C. Pond
Polsinelli
Salt Lake City, UT
Vice Chair
Rebecca S. Lawrence
D.A. Davidson & Co.
Plymouth, MN
Vice Chair
Drew M. Slone
Locke Lord LLP
Dallas, TX
Board Liaison
JoLinda L. Herring
Bryant Miller Olive P.A
Miami, FL
Current Committee Projects
Input on Municipal Disclosure Guidance
NABL is again considering seeking additional guidance on municipal disclosure obligations and updates to the U.S. Securities and Exchange Commission’s (SEC’s) 1994 Interpretive Release.
Best Practices Paper for Risk Factors Disclosure
A paper to discuss, among other items, various topics of disclosure including revenue and conduit revenue bonds as well as new cyber, climate, and COVID-19 related risks. The paper could…
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).