The board of administrators of the Municipal Securities Rulemaking Board on Thursday concluded its first quarterly assembly of fiscal 12 months 2026, throughout which the board beneath its new chair authorized the submitting of a proposed rule modification with the Securities and Trade Fee.
The proposed modification to MSRB Rule G-28 would “harmonize MSRB necessities for supplier personnel partaking in municipal securities actions away from their very own agency” with an analogous Monetary Business Regulatory Authority rule, the MSRB stated in an Oct. 23 press launch.
The quarterly assembly, held on Oct. 22 and Oct. 23, marked
“Over the following fiscal 12 months, I sit up for collaborating with MSRB Board members from throughout our business, and the nation, who will proceed to deliver their deep market experience and expertise to our priorities and stakeholder engagement efforts,” Vacation stated within the launch.
The board stays “deeply dedicated to the priorities that matter most to the market, and I’m assured that along with our stakeholders, MSRB could make America’s communities stronger and extra vibrant, one bond at a time,” she stated.
Additionally throughout the assembly, the board in relation to MSRB Rule G-27 on supervision mentioned “the strategy to additional phases of the supplier supervision retrospective rule assessment past the upcoming request for remark authorized on the final board assembly,” the discharge stated.
“The supplier supervision assessment is designed to discover avenues for offering extra flexibility for sellers to fulfill their supervisory obligations in a fashion in line with trendy office practices with out favoring any specific enterprise mannequin,” the MSRB launch stated.
As well as, the board with regard to MSRB Rule G-32 on major providing disclosure mentioned “progress on addressing underwriter suggestions on the submission course of for major providing information and paperwork via Type G-32, together with upcoming near-term actions supposed to make clear submission necessities and timeframes in addition to consideration of potential longer-term approaches to simplifying the submission course of and type content material,” in response to the discharge.
The board throughout the assembly additionally acquired updates relating to different areas of retrospective assessment and rulebook modernization, the discharge stated.
As well as, the board acquired updates referring to market transparency and market construction. The board was supplied with an replace relating to the modernization of EMMA and associated market transparency techniques, the discharge stated. The board additionally acquired an replace relating to upcoming municipal market analysis and up to date muni market exercise, together with file annual commerce rely and the expansion of Various Buying and selling Programs, individually managed accounts and exchange-traded funds, MSRB’s launch stated.
