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ANNUAL REPORT NO. 14PROVIDING CONTINUING DISCLOSURE FOR THE FISCAL YEAR ENDING JUNE 30, 2010, ON $3,685,000 PRINCIPAL AMOUNT OF CITY OF BAKERSFIELD, CALIFORNIA ASSESSMENT DISTRICT NO. 961 (BRIGHTLY
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01
Review the requirements for providing continuing disclosure as outlined by the Municipal Securities Rulemaking Board (MSRB).
02
Gather all necessary information and financial documents related to the issuer and the bond issue.
03
Complete the required forms or reports for the continuing disclosure, ensuring accuracy and completeness.
04
Submit the completed continuing disclosure documents to the appropriate regulatory authorities or repositories within the specified timeframe.
05
Monitor and update the continuing disclosure information as needed to ensure ongoing compliance.

Who needs providing continuing disclosure?

01
Issuers of municipal bonds
02
Underwriters of municipal bonds
03
Financial advisors
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Bond counsel
05
Investment bankers
06
Regulatory authorities
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Providing continuing disclosure is the process of releasing important financial or operational information regularly to investors and the public in order to keep them informed about the issuer's financial condition.
Issuers of municipal securities are required to file providing continuing disclosure as per SEC regulations.
Providing continuing disclosure can be filled out through the Electronic Municipal Market Access (EMMA) system, which is operated by the Municipal Securities Rulemaking Board (MSRB).
The purpose of providing continuing disclosure is to provide transparency and maintain the integrity of the municipal securities market by ensuring that investors have access to timely and accurate information.
Information such as financial statements, operating data, bond calls, and ratings changes must be reported on providing continuing disclosure.
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