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