MSRB Seeks Input on Fiscal Year 2013 Priorities

Date: February 29, 2012

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

MSRB SEEKS INPUT ON FISCAL YEAR 2013 PRIORITIES

Alexandria, VA - The Municipal Securities Rulemaking Board announced today that it is seeking public input as it develops its priorities for the fiscal year that begins October 1, 2012 (fiscal year 2013). 

The MSRB establishes fiscal-year priorities based on an annual assessment that takes into account ongoing analyses of market risks, enforcements actions, market trends and other developments. Assessments of new municipal market products and transactions, the information needs of investors and state and local governments, and the conduct of municipal market professionals also support the MSRB’s annual assessment.

The MSRB is seeking feedback from market participants, other stakeholders and the general public to ensure that its planning activities include the broadest-possible array of input and information with which to establish regulatory and other priorities.

The result of the MSRB’s annual planning exercise will be the development of a work plan with specific initiatives prioritized for the upcoming fiscal year. The MSRB’s annual initiatives support long-term strategic goals and represent priorities executed in conjunction with the MSRB’s ongoing regulatory and market transparency activities.

When providing feedback, the MSRB encourages commenters to be as specific as possible and provide as much information as possible about particular issues and topics. As the MSRB implements initiatives throughout the fiscal year, the public and others will have additional opportunities to comment on individual aspects of these initiatives as they are advanced by the MSRB.

Commenters may submit feedback to the MSRB on fiscal year 2013 priorities through March 23, 2012.

The MSRB also recently published plan to guide the development of its market transparency products. Read the plan.


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.