Concerned about Continuing Disclosure in the Era of COVID-19? These Resources May Help

As someone responsible for submitting continuing disclosures to the MSRB’s Electronic Municipal Market Access (EMMA®) website , you may have questions about disclosing information about the financial and operational impact of the novel Coronavirus Disease (COVID-19). The MSRB is providing the below summary of resources to assist you in understanding your disclosure responsibilities and using EMMA effectively. Visit the MSRB’s COVID-19 Resource webpage for the latest information and resources.

MSRB Resources

• Selecting Event Disclosure Categories on EMMA Dataport
• Selecting Financial/Operating Disclosure Categories on EMMA Dataport
• Free On-Demand Webinar: SEC Q&A on Continuing Disclosure plus EMMA Website Enhancements (Recorded March 19, 2020)
• Municipal Securities Market COVID-19-Related Disclosure Summary Report and Detailed Spreadsheet — Updated Weekly on Tuesdays

Additional Resources

• The Importance of Disclosure for our Municipal Markets - Statement by SEC Chair Jay Clayton and Director, Office of Municipal Securities, Rebecca Olsen
• Important Considerations to Maintain Your Entity’s Debt Management Program and Disclosure Responsibilities During the COVID-19 Crisis – Member Guidance from the Government Finance Officers Association (GFOA) Debt Committee

EMMA Tip: When Should I Use the “Other” Category for a Disclosure?
The “Other” category is intended for a disclosure or part of a disclosure for which no available category applies. If the “Other” category is selected, submitters are asked to provide text in the “Description” field that describes the disclosure. Selecting one or more descriptive categories and providing a detailed free-text description enhances the ability of EMMA users to locate a disclosure.

If you have any questions about submitting disclosures to the EMMA system, please contact MSRB Support at 202-838-1393 or MSRBSupport@msrb.org.