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
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.
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.”
Committee Leadership
Chair
Drew M. Slone
Locke Lord LLP
Dallas, TX
Vice Chair
Hillary Phelps
Chapman and Cutler LLP
Chicago, IL
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.
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).