February 23, 2021
SEC Office of Municipal Securities Issue Staff Statement on LIBOR Transition
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On January 8, 2021, the staff of the US Securities and Exchange Commission’s (“SEC”) Office of Municipal Securities (“OMS Staff”) issued a statement focusing on the impact of the discontinuation of LIBOR on the municipal securities markets. The statement highlights considerations for issuers of municipal securities and other “obligated persons” and municipal advisors to address the fact that the expected discontinuation of LIBOR “could have a significant impact on the municipal securities market and may present a material risk” for market participants.
Read the full Legal Update at mayerbrown.com.
The post SEC Office of Municipal Securities Issue Staff Statement on LIBOR Transition appeared first on Eye on IBOR Transition.
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