Services

Continuing Disclosure

Since 1995, under Securities and Exchange Commission (SEC) Rule 15c2-12, issuers of municipal bonds must provide continuing disclosure information to the marketplace, unless the issue meets certain exemptions. The continuing disclosure requirements include filing annual reports and annual financial statements with national repositories, and providing notification of certain "material events."

Northland can assist clients with the preparation and filing of annual reports and annual financial statements. This includes helping our clients determine, at the time they issue new debt, what information will be provided annually, and the date the information will be submitted each year, for the life of the issue. We also assist our clients with monitoring for material events and providing notification of an event to the national repositories.