October 23, 2021

Volume XI, Number 296

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October 22, 2021

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October 21, 2021

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SEC Extends Municipal Advisor Final Rulemaking Deadline One Year

The Securities and Exchange Commission has extended the sunset date of rules for temporary registration of municipal advisors under interim final temporary Rule 15Ba2-6T of the Securities Exchange Act of 1934 by one year to September 30, 2013. The interim final temporary Rule was to expire September 30, 2012. By extending the sunset date for a second time, the SEC also extends by one year the date by which it must take action on its proposed final rules for registration of municipal advisors.

To view the SEC release extending the sunset, click here.

On September 19, 2012, the United States House of Representatives passed legislation that would amend Section 15B of the Exchange Act to narrow and clarify provisions regarding the regulation of municipal advisors added to the Exchange Act by the Dodd-Frank Wall Street Reform and Consumer Protection Act.

To view our Update on this action by the House, clickhere.

© 2021 Bracewell LLPNational Law Review, Volume II, Number 268
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About this Author

Paul S. Maco, Bracewell Law Firm, Securities Attorney
Partner

Paul Maco practices in the areas of federal securities and commodities law, corporate governance, and public finance. A former senior official at the U.S. Securities and Exchange Commission (SEC), his transactional, regulatory, enforcement and enforcement defense experience brings a comprehensive perspective to the needs of his clients, whom he represents before the SEC, Financial Industry Regulatory Authority (FINRA) and the Municipal Securities Rulemaking Board (MSRB) in enforcement, regulatory, and compliance matters.

Paul defends states,...

202-828-5821
Tim Deithloff, Finance, Bankruptcy, Attorney, Bracewell, law firm
Senior Counsel

Tim’s principal area of practice is public finance law. He has represented issuers, underwriters, borrowers, and credit providers in municipal finance transactions involving state agencies, university systems, private universities, cities, counties, federally recognized Indian Tribes, and other political subdivisions.

512-542-2102
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