Municipal Advisor/Broker-Dealer Notices
SEC Municipal Advisor Rule - IRMA Exemption Notice
(Dated July 1, 2014)
The following notice has been prepared and made available by the City and County of San Francisco (the "City") in light of the Securities and Exchange Commission's (SEC) "Municipal Advisor Rule".
Pursuant to SEC Rule 15Ba1-1(d)(3)(vi)(B), the City, through the Controller's Office of Public Finance, will rely on the advice of its registered municipal financial advisors for any bond issuances or other financial activities undertaken by the City's general fund.
Bond issuance-related proposals or any other financial proposal prepared by broker-dealers for presentation to the City are required to be provided to at least one registered municipal financial advisor.
The City, through the Controller's Office of Public Finance, has designated Backstrom McCarley Berry & Co. and to review copies of bond issuance-related proposals or any other financial proposal prepared by broker-dealers for presentation to the City, the Controller's Office of Public Finance.
City's General Fund Financial Advisor / Independent Registered Municipal Advisor (IRMA) Exemption Contact(s):
Backstrom McCarley Berry & Co.
Lead Contact: Vincent McCarley
The City will from time to time change its financial advisor contacts for IRMA exemption purposes. Any changes to municipal financial advisory firm(s) representing the City will be posted on the Office of Public Finance's website.