Is it a Bond or is it a Commerical Loan? How the MSRB Rules May Impact Direct Purchasers


On January 25, 2012, Orrick public finance partners Don Field, Eileen Heitzler, Jenna Magan and Alison Radecki led a webinar on developments in MSRB rules applicable to direct purchases.  The program provided a unique opportunity to participate in a discussion about emerging issues relating to the MSRB rules.  Discussion topics included:

  • Overview of MSRB Notices 2011-37 and 2011-52
  • Differentiation of a security and a commercial loan
  • Application of MSRB rules to direct purchases
  • Practical compliance considerations

To access a recording of the webinar, please click here (you will need to register with your contact information).

To download the presentation materials, please click on the following links:

Application of MSRB Rules to Direct Purchasers