The Securities and Exchange Commission (SEC) announced plans to hold the 2025 Joint Compliance Outreach Program on November 18-19, 2025, to discuss compliance and regulatory matters directly with municipal market professionals. The event will be held virtually and registration is open. Questions and proposed topics can be submitted in advance by emailing [email protected]. Read the announcement. […more]
Free livestream – Fireside Chat with Dave Sanchez of the SEC, courtesy of DFIN
Every municipal market stakeholder should have a seat at the table to ensure the efficient rollout of digital reporting for municipal bond issuance. This practical, hands-on conference will discuss challenges and practical approaches to helping municipal market players efficiently implement the Financial Data Transparency Act (FDTA).
The FDTA impacts all municipal bond issuers, including states as well as local governments, special districts, and other entities. Local governments, both general purpose and special district, have raised questions concerning the extent of effort and cost required to implement the FDTA. To address these challenges, researchers from the University of Michigan, the University of Denver, and XBRL US have collaborated on a series of projects to design and evaluate machine-readable data standards that could appropriately represent the unique characteristics of U.S. government entities. This paper summarizes the lessons learned in designing a data standard and piloting it in multiple local governments.
XBRL US announced that they will present a 1 ½ day conference, GovFin 2024: Municipal Reporting Workshop, on Monday and Tuesday, July 29-30, 2024. The workshop aims to address the implications of the Financial Data Transparency Act (FDTA) on municipal bond market stakeholders, from government bond issuers to portfolio managers and analysts to regulators. The […more]
Regulators require the use of many different entity identifiers, from the LEI to the CIK to the DUNS to the UEI. Likewise, they use many different securities identifiers, from the CUSIP to the FIGI to the ISIN. Identifiers in use today may be open-source or commercially used. They may be globally used or limited to […more]
Video-taped sessions from Modernizing Municipal Reporting, a half-day conference featuring California State Treasurer Fiona Ma, CPA; former California State Senator John Moorlach, as well as member speakers representing Crowe LLP, Eide Bailly LLP, the Governmental Accounting Standards Board (GASB), and The Cato Institute. This event was held in Costa Mesa, California, courtesy of sponsors Crowe […more]
The Financial Data Transparency Act (FDTA) calls for disclosures from municipal bond issuers to be made available to investors and other data users in machine-readable, structured format. Join this 60-minute discussion with municipal bond investors for their views on what data they use, what kind of issuers they follow, and how access to digitized municipal […more]
The Securities and Exchange Commission (SEC) announced plans to hold a virtual compliance outreach program which will be hosted by the SEC Office of Municipal Securities, Municipal Securities Rulemaking Board (MSRB) and Financial Industry Regulatory Authority (FINRA). The program aims to give municipal market participants the opportunity to learn about regulatory and compliance matters for […more]
Are data standard requirements for municipal bond issuers as outlined in the FDTA just a “solution in search of a problem”? Hear from government entities and data users about how they analyze government financial data today. Learn about their wish list on how to improve the usefulness of data used for peer analysis and policy […more]
The Securities and Exchange Commission (SEC) announced plans to hold a Municipal Securities Disclosure Conference on May 10, 2023 at SEC headquarters. The event will have both in-person and virtual access and registration is required. The deadline to register is May 5, 2023. Topics to be covered include: Financial Data Transparency Act (FDTA) Voluntary Disclosure […more]
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the business reporting standard