Rules and Guidance for the Municipal Market

As part of its mission to promote a fair and efficient market, the MSRB maintains industry rules and guidance for municipal securities dealers and municipal advisors.

Updating the MSRB Rule Book

In 2019, the MSRB has elevated its ongoing retrospective rule review and prioritized the rules listed below. The goal of this initiative is to ensure MSRB rules continue to achieve their intended purpose and are reflective of current municipal market practices. This year's priorities are a continuation of a retrospective analysis begun in 2012 to revisit MSRB rules and their interpretations. Read more about the retrospective rule review.