Jones Hall, A Professional Law Corporation

DisclosureUSA: The New One-Stop "Central Post Office" for Continuing Disclosure Filings

On September 7, 2004, the United States Securities and Exchange Commission released an interpretive letter authorizing issuers of municipal securities and others who make continuing disclosure filings under Rule 15c2-12 of the Securities Exchange Act of 1934 to use a new Internet-based electronic filing system -- or "Central Post Office" -- to satisfy their continuing disclosure obligations. The Central Post Office, which is designed for electronic filing, is located at www.DisclosureUSA.org. It appears DisclosureUSA offers a more efficient way to comply with, and greater ease of proving compliance with, Rule 15c2-12.

Please click here to access an article that offers an overview of DisclosureUSA and what it means for California issuers of municipal securities.

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