SEC extends deadline for issuers under municipalities continuing disclosure cooperation initiative

The U.S. Securities and Exchange Commission (“SEC”) announced an extension of the deadline under the Municipalities Continuing Disclosure Cooperation Initiative for municipal bond issuers to self-report misrepresentations made in Official Statements about the issuer’s previous compliance with continuing disclosure obligations. The deadline for issuers to self-report potential violations has been extended from September 10, 2014 to December 1, 2014. For more information about the Initiative, see our article from last report and the SEC’s Municipalities Continuing Disclosure Cooperation Initiative webpage.