Glossary of Municipal Securities Terms

NATIONALLY RECOGNIZED MUNICIPAL SECURITIES INFORMATION REPOSITORY (NRMSIR)

Prior to July 1, 2009, an entity, designated by the Securities and Exchange Commission under Rule 15c2-12, to which an issuer or obligated person that entered into a continuing disclosure agreement was contractually required to send annual financial information and event disclosures. Beginning on July 1, 2009, continuing disclosures must be sent to the Municipal Securities Rulemaking Board. See: CONTINUING DISCLOSURE; ELECTRONIC MUNICIPAL MARKET ACCESS (EMMA) SYSTEM; MUNICIPAL SECURITIES RULEMAKING BOARD; RULE 15c2-12

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