WASHINGTON -- The municipal market will determine the extent to which issuers will be able to take advantage of a provision aimed at casing some of the burden of the Securities and Exchange Commission's secondary market disclosure rules, lawyers and analysts said last week.

The provision allows issuers and obligors in disclosure documents to refer to, rather than actually provide, certain financial information that is available elsewhere, such as an annual financial report of a corporate borrower.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.