United States:
BREAKING...Municipal Advisor FAQ
13 January 2014
Reed Smith
To print this article, all you need is to be registered or login on Mondaq.com.
On January 10th, the SEC released a 19 page FAQ (available here) on the new municipal advisor
rule.
We focus your attention to the last sentence of the answer to
Question 4.1
Therefore, the Staff would not object
if those SEC registered investment advisers that provide advice on
municipal derivatives in an investment portfolio for clients that
are municipal entities or obligated persons do not register with
the Commission as municipal advisors.
Good day. GOOD, NO GREAT, interpretation. TSR
This article is presented for informational purposes only
and is not intended to constitute legal advice.
POPULAR ARTICLES ON: Finance and Banking from United States
Kirschner: The Final Act?
Mayer Brown
On August 24, 2023, the US Court of Appeals for the Second Circuit issued its decision in the Kirschner v. JPMorgan litigation saga, rejecting the plaintiff's...
Private Credit And Traditional Banks Forge A New Path
Dechert
As direct lending becomes a more popular financing option for middle-market and large U.S. companies, banks are increasingly seeking new ways to leverage their existing customer networks to participate in the direct lending market.
