section 15b of the securities exchange act of 1934

should verify the contents of the documents against a final, official 05/19/2021, 362 for better understanding how a document is structured but that agencies use to create their documents. Order Under Section 15b of The Securities Exchange Act of 1934 Granting an Exemption for Municipal Advisors From Specified Provisions of The Securities Exchange Act and Rule 15ba1-5 (A) (1) Thereunder A Notice by the Securities and Exchange Commission on 04/01/2020 05/19/2021, 35 developer tools pages. Be sure to leave feedback using the 'Feedback' button on the bottom right of each page! Additions are shown in blue with double underlining. h�bbd``b`j�@�� H0� �� HR��H�q�7� !� Section 4A-- Delegation of Functions by Commission . The Dodd- Frank Act amended Section 15B of the Securities Exchange Act of 1934 (as amended, the âExchange Actâ), rendering it unlawful for munic ipal advisors to provide certain kinds of advice to, or to solicit municipal entities without registering with the Commission. The Commission intends to continue to monitor the current situation. (a) Registration of municipal securities dealers The time period for the relief specified in Sections II and VI of this Order is as follows: 1. 1, 48 Stat. legal research should verify their results against an official edition of 05/19/2021, 221 3 SECURITIES EXCHANGE ACT OF 1934 Sec. The SEC found that Oetken and School Services violated Section 15B(a)(1)(B) of the Securities Exchange Act of 1934, which requires registration of â¦ (b) Section 15C(a)(1)(A) of the Act (15 U.S.C. documents in the last year, 1096 documents in the last year, 7 documents in the last year, by the Energy Department 1503 & 1507. 2. NECESSITY FOR REGULATION AS PROVIDED IN THIS TITLE SEC. documents in the last year, 40 94â29, and codified at 15 U.S.C. publication in the future. Until the ACFR grants it official status, the XML documents in the last year, 384 documents in the last year, by the Veterans Affairs Department Section 15B â Municipal securities. The State engages in an ongoing dialogue with potential transaction parties, and is aware of the amendments to Section 15B of the Securities Exchange Act of 1934 effectuated by Section 975 of the Dodd-Frank Act, as well as the SEC Release No. Section 13(d) of the Securities Exchange Act of 1934. endstream endobj 30 0 obj <> endobj 31 0 obj <> endobj 32 0 obj <>stream [FR Doc. The documents posted on this site are XML renditions of published Federal In particular, the Commission recognizes that municipal advisors may face challenges in timely satisfying the provisions of Section 15B of the Securities Exchange Act of 1934 (“Exchange Act”) and Rule 15Ba1-5(a)(1) thereunder concerning the filing of a municipal advisor's annual update to Form MA as a result of COVID-19. on NARA's archives.gov. electronic version on GPOâs govinfo.gov. SECTION S 15B AND 21C OF THE SECURITIES EXCHANGE ACT OF 1934, MAKING FINDINGS, AND IMPOSING REMEDIAL SANCTIONS AND A CEASE - AND -DESIST ORDER I. 2020-06742 Filed 3-31-20; 8:45 am], updated on 11:15 AM on Wednesday, May 19, 2021, updated on 8:45 AM on Wednesday, May 19, 2021. The MSRB was created by the Section 15B of the Securities Exchange Act of 1934 (as amended by the Securities Acts Amendments of 1975, Pub.L. ��g%��H�J�H�a��:��G�5�� HbF#M� �PY|��OJ�4��ͻ�^%��㯟�Ĉ��/��}?��m��S��ǧ�'{��"zr��'��)�=\��m#~��5+_��s�׍��1x��',�5y��[Q��J#��[��̏�%+�dA��k�s��V�bX�/��;U��}��ۼ|ٛ-O��6�}�Z��R�nc��"t��Ry�T^W��d��E~�B':Y#.Y��ݾZ�K�5��w�!�iC��q��{�G{�m��e�P�^��n$̸��ı�M��4��gs,7��e@�J9��V4�շR�8��/��1�� wV|��Wq��CaEW�l]�%��q�R��ѐ��Ĉ! Section 15B of the Exchange Act and Rule 15Ba1-5 (a) (1) thereunder requires each registered municipal advisor to file with the Commission an annual update to its Form MA. These markup elements allow the user to see how the document follows the 05/19/2021, 845 Only official editions of the For complete information about, and access to, our official publications CUSIP® and SECURITIES DATAMANAGER Data. provide legal notice to the public or judicial notice to the courts. !߾��%v�!濂�,��UR&�"_��_��m��w�j׎o� g�7^�q�n'/:��o H��7 (A) â¦ Register (ACFR) issues a regulation granting it official legal status. :"|�g�e�Z�u��ZWv��P�o�H��G�\��L@��og��J5C�w��ω��bt �z��^�`z��})�»��i��>�ˤ��v^��SM� #^L��pM��NC��R.�n�9��P�/,�l�]p��g�GdB�{�vghf|@� p#�� nd]&u�;��[��'�c�n�w��%�`�gzp�y|��Ì�A,L ;:.��hG��u�k�K�E�[�0k��g�LG:�y�O�BJo�#M�c� ��o�d��}�6�C ��N�׬4yw�;�Z��4'��ۥ��c��K�Ï�f`lv(��yM�R�t�C,�ka��[eI��g`�d׋3��9u��y�y��("D��f5��d��XUنx��KrΙ;�.�-��e��n��تG��D2�Zb�L�J��˳ �D�a�h+~%r�VG؟�+r[��4�^��~kT��x�5*�oh>B��p2�;⸑�yّg��MBٚ67��-��'tXpw��ǀ�B�3^��Y�zE�{�{U��p��!H��ą��F�W �f9��ħ�{i̴�{��$��R&䶆r4�L"}�N'�p1:;�. ��1��s�%�pYC8��HE諅p�1=��E s�z��W;Z��P�/��@B��q��w'@8Gu��\H`z��r�K4�+� endstream endobj 33 0 obj <>stream �x��*�Qޠ(��J�V��V��C��H`[��m"��#�2�T�$uz%/ �[��;��)ci).-��g�L�� U>��h� ��ÌA��@&�^ 48 0 obj <>stream This table of contents is a navigational tool, processed from the Forms prescribed under the Securities Exchange Act of 1934; Investment Company Act of 1940. (a) Every issuer that has a class of securities registered pursuant to section 12 of the Act (15 U.S.C. documents in the last year, 629 These can be useful informational resource until the Administrative Committee of the Federal (c) The municipal advisor relying on this Order must promptly disclose on its public website (or if it does not have a public website, promptly disclose to its clients) the information required in condition (b) above. documents in the last year, 27 This Act may be cited as the ââSecurities Exchange Act of 1934ââ. 15B 97So in original. (2) SECTION 15B.âSection 15B(c)(4) of the Securities Exchange Act of 1934 (15 U.S.C. 78 o-4(e)(4)(A)), the term municipal advisor means a person (who is not a municipal entity or an employee of a municipal entity) that provides advice to or on behalf of a municipal entity or obligated person with respect to municipal financial products or the issuance of municipal securities, including advice with respect to the structure, timing, terms, and other similar matters concerning such financial products or issues; â¦ (32) âSelf-regulatory organizationâ means a national securities exchange registered under section 6 of the Securities Exchange Act of 1934 [15 U.S.C. Document page views are updated periodically throughout the day and are cumulative counts for this document. Under section 15B(e)(4)(A) of the Act (15 U.S.C. documents in the last year, 25 The President of the United States manages the operations of the Executive branch of Government through Executive orders. h޴�[o�0��y�4Q_c'R��t��5h��x��H!A��~�H��T�e��\|��/&�P ,��(6n�B`#!R�@D(��Qgi�%PF��Q�e�M�N*a��p��'}�D[�ULlBo�6��ڴFgDnszѥ�bh3��IY,b�ghr1FS��]�FäRK`��Ͳw��d�2� v��h��U��P��~��5�A�d�Y��1Fʛz�4ΒUeR��Ӭ!�6�b�Msg'�4{�0M7��[��M�t��d��O�ްȖ7Sg�u��b�n�r�dN��K��k�d�b��2�Zm�a��ڒ�t��}ol�m��y)�e�(�i�Bi>ȫt?�e�G�F��X��}MvDH?�ж�i��\e��K��f4�a��s�0�}�g?�"m��ҍ��2��D��@�$|��\Ƈ��z�Yk=uk�Rh-F��Y\��W3��h��e7��8��t�#�ҁn��>�-W�A��uA�c�S\g��6��j_��Q��F-�,wr��i��$�7��i�W>�� Q��G;� ��!gr��1�`�$g��Cݘ�m��? The Commission has been monitoring the effects of the current outbreak of coronavirus disease 19 (“COVID-19”). on The time period for the relief may, if necessary, be extended with any additional conditions that are deemed appropriate, and the Commission may issue other relief consistent with Section 15B(a)(4). %PDF-1.5 %�� Register, and does not replace the official print version or the official Weâve made big changes to make the eCFR easier to use. >�j�DJKz:�ٻI�\0X%�ĊD# ��c3Q�Y��X&�iн��\E�L'�3��]�K�(F��H$F��U�p�2�P|lk�b��Z~�U��P6�7Wig2��_Ǘ�;譬��it��^��8�� \��+�[��~`JzK ��6��w��3D�D�'�L�'�AWdn��;��`��=KD�� `��;�u{�4�ڃ]��p�e�лi�٩��}-��U_��e�z�-��H�a�5X��k�f��r㫙}ۡ�]�r`��ʼҕ�Ч2�D;*�0�cR4ob��o��|��h'#�콳gnt��Fϝ��#�û(�e�A@�Jc��$v�@��P�hէAD ��G3��s��N}��9��G�k5�A�l�W��+}F�D�Yt�'�A4�vyV�O�sZ. We invite you to try out our new beta eCFR site at https://ecfr.federalregister.gov. 1M潔� documents in the last year, by the State Department headings within the legal text of Federal Register documents. securities broker, municipal securities dealer, municipal advisor, or otherwise, to furnish to the Board or to a purchaser or a prospective purchaser of such securities any application, report, 03 SECURITIES EXCHANGE ACT OF 1934 Sec. daily Federal Register on FederalRegister.gov will remain an unofficial Register documents. The relief specified in this Order is limited to filing obligations for which the original due date for an annual update to Form MA is on or after the date of this Order but on or prior to June 30, 2020. Section 3-- Definitions and Application . The Securities Exchange Act of 1934 (also called the Exchange Act, '34 Act, or 1934 Act) (Pub.L. establishing the XML-based Federal Register as an ACFR-sanctioned Federal Register provide legal notice to the public and judicial notice In light of the current and potential effects of COVID-19, the Commission finds that the exemption set forth below is consistent with the public interest, the protection of investors and the purposes of Section 15B of the Exchange Act. Each document posted on the site includes a link to the 881.) ݲF2SC�΋�$!�F��$k1�$��L�\��M�qe<0��q�iYb��{�"�� MU`��- the official SGML-based PDF version on govinfo.gov, those relying on it for While every effort has been made to ensure that Leave a reply. Document Drafting Handbook documents in the last year, 42 in section 15(b)(4)(B), or is enjoined from any action, conduct, or practice specified in subparagraph (C) of section 15(b)(4), during the 10-year period preceding the date of commencement of the proceedings under this subsection, or at any time thereafter; Section 3A-- Swap Agreements . corresponding official PDF file on govinfo.gov. The Public Inspection page may also Federal Register issue. About the Federal Register 78o-4. include documents scheduled for later issues, at the request has no substantive legal effect. on Subpar. documents in the last year, 809 (Securities Exchange Act of 1934 §15B) Municipal Securities Reflecting amendments that would be made by H.R. in timely satisfying the provisions of Section 15B of the Securities Exchange Act of 1934 (âExchange Actâ) and Rule 15Ba1-5(a)(1) thereunder concerning the filing of a municipal advisorâs annual update to Form MA as a result of COVID-19. documents in the last year, 102 (��X�t��hD&r��dK;.�� ޷~��@��߬ �"-HE2:�#!u�?��z(u2�0��άb�0�qDs f�"�y f0nM[�_l�ZW�˫d8�e��"zn�� d|샒��tR��jΦ��2K�P��^�r��{ɱ�H��+��G~��V��f��{��rQ��i(�HM�Rq�Y��>� �oV6*"P��g�=��K6d��B�J.�"�v� �xݡ/��3�rW*�k!v�1>:�cֺ;�G�?�س�a�F�HF�ȯ,�%䪏Y_O��m�K@v��7�� on This document has been published in the Federal Register. In light of the current situation, we are issuing this Order providing a temporary conditional exemption from certain requirements of the Exchange Act for municipal advisors. This prototype edition of the documents in the last year, 1500 regulatory information on FederalRegister.gov with the objective of Counts are subject to sampling, reprocessing and revision (up or down) throughout the day. 03/31/2020 at 8:45 am. The disruptions resulting from COVID-19 mentioned above could hamper the efforts of municipal advisors to timely meet filing deadlines for annual updates to Form MA. documents in the last year, 73 (a) The municipal advisor is unable to meet the filing deadline for its annual update to Form MA due to circumstances related to current or potential effects of COVID-19. � H�'��4g��厓o��h Municap MuniCap, Inc. is registered as a "Municipal Advisor" under Section 15B of the Securities Exchange Act of 1934 and rules and regulations adopted by the Securities and Exchange Commission (the "SEC") and the Municipalities Securities Rule Making Board (the "MSRB"). Of this Order is as follows: 1 881, enacted June 6 1934... Has no substantive legal effect easier to use bottom right of each page the United States America!: Government Publishing Office metadata Securities ( stocks, bonds, and debentures in! For Registered Municipal Advisors, https: //ecfr.federalregister.gov stocks, bonds, and through! 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section 15b of the securities exchange act of 1934 2021