While the U.S. Securities and Exchange Commission (SEC) and California Debt and Investment Advisory Commission (CDIAC) endeavor to increase transparency in the municipal bond market, their efforts have resulted in a significant regulatory burden to municipalities and other obligated parties. With the staffing constraints and turnover typical of most public agencies, allocating valuable resources to stay current on reporting requirements and providing updates to investors tend to distract staff from vital day-to-day operations.
NHA Advisors’ Continuing Disclosure Compliance Group provides ongoing reporting, guidance, and education to alleviate this burden and help its clients navigate the ever-changing regulatory landscape. NHA’s multi-tiered quality review and reporting process provides stability to help ensure consistent and compliant disclosure. In addition, NHA’s search engine processing software actively monitors rating agency websites and media publications for rating changes and other key investor decision points to help ensure timely disclosure of event notices.
As part of NHA’s comprehensive solution, we offer a full array of continuing disclosure compliance services as well as a variety of other compliance services as shown below: