MSRB Announces Webinars on 529 College Savings Plan Document Submission

Date: May 19, 2010

Contact:        Jennifer A. Galloway, Chief Communications Officer
                    (703) 797-6600
                    jgalloway@msrb.org

 

MUNICIPAL SECURITIES RULEMAKING BOARD ANNOUNCES WEBINARS
ON 529 COLLEGE SAVINGS PLAN DOCUMENT SUBMISSION

Alexandria, VA –  The Municipal Securities Rulemaking Board (MSRB) announced today it will host two training webinars on June 9 and 10, 2010 designed to assist individuals responsible for submitting disclosure documents and data associated with 529 college savings plans to the MSRB’s Electronic Municipal Market Access (EMMA) system. The MSRB is committed to ensuring ongoing compliance with MSRB rules and the rules of the U.S. Securities and Exchange Commission, including Rule 15c2-12, which requires certain submissions to the MSRB. 

The webinars, which will last for approximately one hour, will provide training for individuals who submit 529 college savings plan disclosure documents and data to EMMA. Each session will cover the submission of primary market disclosures (plan disclosure documents) and continuing disclosure documents, such as annual financial reports. The sessions also will cover MSRB Gateway, the secure access point for all MSRB services.

There is no cost to participate in any of the sessions but pre-registration is required. Click on the links below or visit the “Events and Training” section of www.msrb.org to register for one of the sessions.

In conjunction with the webinars, the MSRB plans to publish a new 529 College Savings Plan Disclosure Submission Manual. The manual is tailored to the 529 college savings plan market, using terminology familiar to market participants. New primary distributors, issuers, or agents of 529 college savings plans will have a single source of information on the entire registration and submission process.

The manual will combine the primary market and continuing disclosure process and also will include appendices that explain the process for registering with the MSRB as a primary market and continuing disclosure submitter. The manual, available by June 9, 2010, will be published on www.msrb.org in the Publications User Manual section and on EMMA at www.emma.msrb.org under the “EMMA Dataport” tab.

529 Plan Disclosure Submission Webinar Sessions

Wednesday, June 9, 2010 at 10:30 AM EDT Register

Thursday, June 10, 2010 at 2:30 PM EDT Register


The MSRB protects investors, state and local governments and other municipal entities, and the public interest by promoting a fair and efficient municipal securities market. The MSRB fulfills this mission by regulating the municipal securities firms, banks and municipal advisors that engage in municipal securities and advisory activities. To further protect market participants, the MSRB provides market transparency through its Electronic Municipal Market Access (EMMA®) website, the official repository for information on all municipal bonds. The MSRB also serves as an objective resource on the municipal market, conducts extensive education and outreach to market stakeholders, and provides market leadership on key issues. The MSRB is a self-regulatory organization governed by a 21-member board of directors that has a majority of public members, in addition to representatives of regulated entities. The MSRB is overseen by the Securities and Exchange Commission and Congress.