2023 Compliance Outreach Program for Municipal Advisors and Municipal Dealers Webcast Agenda

2023 Compliance Outreach Program for Municipal Advisors and Municipal Dealers Webcast Agenda

Thursday, December 7

All times are listed in Eastern Time.

10:30 a.m. – 10:45 a.m.

Opening Remarks

10:45 a.m. – 11:30 a.m.

Panel 1: Credit Ratings

Topics:

  • Rules of the Road
  • Understanding Bond Ratings: Methodologies, Consistency of Application, and Assurance of Ratings
  • Case Study
  • Trends

11:30 a.m. – 11:40 a.m

Break

11:40 a.m. – 12:25 p.m

Panel 2: Pricing Issues (New and Remarketing)

Topics:

  • Compliance Resources
  • Supervisory Controls
  • Examination Observations and Trends

12:25 p.m. – 1:30 p.m.

Lunch Break

1:30 p.m. – 2:15 p.m

Breakout Session: Compliance Concerns of Small MAs

Topics:

Considerations For Complying with Requirements Related to the Maintenance of Written Communications and Supervision of MA Activities, including Sole Proprietorship Self Supervision

1:30 p.m. – 2:15 p.m.

Breakout Session: Compliance Concerns of Small Municipal BDs

Topics:

  • Issues Impacting Small Municipal BDs
  • Solving Challenges in the Current Regulatory Environment

2:15 p.m. – 2:25 p.m.

Break

2:25 p.m. – 3:10 p.m.

Panel 3: Unregistered MA/BD Activity by Registered MA/BDs

Topics:

  • Boundaries of Registered MA/BD Activity
  • IRMA
  • Investment of Proceeds
  • Private Placements
  • Tender Offers

3:10 p.m. – 3:20 p.m.

Break

3:20 p.m. – 4:05 p.m.

Panel 4: Regulatory Outlook and Exam Enforcement Priorities

Topics:

  • SEC/FINRA Examination Priorities
  • Observations and Trends Related to Supervision, Conflicts of Interest Disclosures, and Books and Records Obligations for MAs
  • Observations and Trends Related to Form G-32 and Form G-37 Filing Obligations for BDs
  • SEC/FINRA Enforcement Priorities

4:05 p.m. – 4:15 p.m.

Closing Remarks