MSRB Publishes 2013 Rule Book

Date: February 4, 2013

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


Alexandria, VA The Municipal Securities Rulemaking Board (MSRB) today published an electronic version of its printed 2013 Rule Book, which describes rules for municipal securities dealers and municipal advisors effective as of January 1, 2013.

All MSRB rules are available on; however, the MSRB publishes its rules in book format to facilitate ease of use. Printed copies of the Rule Book are available for sale from the MSRB. The most current version of MSRB rules can be found in the Rules section of the MSRB’s website.

The MSRB is currently seeking industry and public comment on its entire Rule Book as it engages in a comprehensive review to ensure that its rules reflect current market practices. The deadline to submit comments is February 19, 2013.

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.