MSRB Communicates Strategic Goals of Education Program

Date: December 9, 2013

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


Alexandria, VA – The Municipal Securities Rulemaking Board (MSRB) today articulated the goals of its education program, which seeks to enhance regulated entities’ understanding of their responsibilities, ensure that municipal market stakeholders are aware of regulatory developments that may affect them and provide others with information to assist in decision-making related to the municipal market. Read more here.

“We have been providing education to the municipal market for many years,” said MSRB Executive Director Lynnette Kelly. “However, we wanted to make our goals and priorities clear so there is widespread understanding of the importance of this program to the MSRB and to the market. Transparency about all our activities is essential.”

The MSRB’s education program produces multimedia educational materials for investors and state and local governments, conducts webinars on MSRB rule proposals, and works with municipal entities to enhance their use of the MSRB’s Electronic Municipal Market Access (EMMA®) website, among other activities.

Kelly said the MSRB’s educational priorities are based in part on feedback provided by market stakeholders and are generally focused on the MSRB, MSRB rules, EMMA features and functionality, issues relevant to investors and municipal entities, and current topics in the market. “Our priorities are meant to be responsive to changing market conditions and emerging issues.”

When developing educational content, the MSRB engages key stakeholders, including subject matter experts on a particular topic and stakeholder proxy organizations, to provide relevant audience perspective to develop accurate and informed products. “Nothing that we do is produced without the input of our stakeholders,” Kelly said. “This ensures that our content is accurate, relevant to the user and understandable.”

The MSRB continues to welcome feedback on its education program products and priorities, which can be submitted online.

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.