Notices

Regulatory Notices

MSRB regulatory notices keep market participants informed of regulatory changes and provide guidance on the application of existing rules.

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Title Stakeholders Publication Date Notice Number Rule Number Notice Type
MSRB Amends Proposal To Increase Transparency of Variable Rate Demand Obligations 1/02/2009 2009-01 Rule G-34 Regulatory Announcement
MSRB Announces Availability of Short System Web User Interface 1/05/2009 2009-02 Rule G-34 Regulatory Announcement
Recommendations Requested For Board Nominations 1/07/2009 2009-03 Regulatory Announcement
SEC Approves Proposal To Increase Transparency of Auction Rate Securities and Variable Rate Demand Obligations 1/09/2009 2009-04 Rule G-34 Regulatory Announcement
Reminder of January 30, 2009 Effective Date of MSRB SHORT System And New Location of SHORT System Web Service 1/28/2009 2009-05 Regulatory Announcement
MSRB Gateway Rollout and Training 2/25/2009 2009-06 Regulatory Announcement
MSRB Files to Establish an Electronic Official Statement Dissemination Standard and to Launch the Permanent Primary Market Disclosure Service of the MSRB's Electronic Municipal Market Access System ("EMMA") 3/23/2009 2009-07 Rule G-32 Regulatory Announcement
Final Specifications for the MSRB's Electronic Municipal Market Access System "EMMA" Primary Market Automated Submission Interface 3/24/2009 2009-08 Rule G-32 Regulatory Announcement
Final Specifications for the MSRB’s Electronic Municipal Market Access System (“EMMA”) Primary Market Subscription Service 3/24/2009 2009-09 Rule G-32 Regulatory Announcement
MSRB Files to Establish a Pilot Phase of the Upcoming Continuing Disclosure Service of the MSRB's Electronic Municipal Market Access System ("EMMA") 3/25/2009 2009-10 Regulatory Announcement
Reminder of April 1, 2009 Effective Date of MSRB SHORT System for Variable Rate Demand Obligations 3/27/2009 2009-11 Rule G-34 Regulatory Announcement
MSRB Files to Allow Filings of Voluntary Continuing Disclosures to the MSRB's Electronic Municipal Market Access System ("EMMA") 4/14/2009 2009-12 Regulatory Announcement
MSRB and RBDA to Hold Municipal Securities Seminar on May 13, 2009 4/20/2009 2009-13 Regulatory Announcement
MSRB Files EMMA Continuing Disclosure Subscription Service and Publishes Preliminary Specifications for Subscription and Document Submission Feeds 4/22/2009 2009-14 Regulatory Announcement
Build America Bonds and Other Tax Credit Bonds 4/24/2009 2009-15 Regulatory Announcement
Notice of Filling of Amendment to Rule G-8, on Books and Records, Relating to Auction Rate Securities and Variable Rate Demand Obligations 4/28/2009 2009-16 Rule G-8 Regulatory Announcement
Upcoming Enhancements to the SHORT System and Data Elements Clarification 5/05/2009 2009-17 Rule G-34 Regulatory Announcement
MSRB Updates Timing On Launch of New Services on the Electronic Municipal Market Access System (EMMA) 5/06/2009 2009-18 Rule G-32 Regulatory Announcement
MSRB Announces Dates for Webinars About the Submission Process for the Continuing Disclosure Service of the Electronic Municipal Market Access System (EMMA) 5/06/2009 2009-19 Regulatory Announcement
MSRB Announces Dates for Webinars about the Submission Process for the Primary Market Disclosure Service of the Electronic Municipal Market Access System (EMMA) 5/13/2009 2009-21 Regulatory Announcement
MSRB Receives Approval to Launch Primary Market Disclosure Service of MSRB's Electronic Municipal Market Access System (EMMA) For Electronic Dissemination of Official Statements 5/22/2009 2009-22 Regulatory Announcement
MSRB Receives Approval to Launch Continuing Disclosure Pilot of the MSRB's Electronic Municipal Market Access (EMMA) System 5/22/2009 2009-23 Regulatory Announcement
Reminder: MSRB Discontinues e-OS System at Noon Eastern Time Today 5/27/2009 2009-24 Regulatory Announcement
MSRB Announces Dates for Webinars about the Submission Process for Advance Refunding Documents and 529 College Savings Plan Documents to the Electronic Municipal Market Access System (EMMA) 5/28/2009 2009-25 Rule G-32 Regulatory Announcement
MSRB Files To Terminate its CDINet System effective July 1, 2009 in Anticipation of the Upcoming Launch of the Continuing Disclosure Service of the MSRB’s Electronic Municipal Market Access System (“EMMA”) 5/29/2009 2009-26 Regulatory Announcement
MSRB Launches Continuing Disclosure Pilot of the Electronic Municipal Market Access (“EMMA”) System 6/01/2009 2009-27 Regulatory Announcement
MSRB Establishes Electronic Official Statement Dissemination Standard Under Rule G-32 and Launches Permanent Primary Market Disclosure Service of the Electronic Municipal Market Access System (“EMMA”) 6/01/2009 2009-28 Rule G-32 Regulatory Announcement
MSRB Announces Dates for Webinars About the Business-to-Business Submission and Subscription Process for the Primary Market Disclosure Service of the Electronic Municipal Market Access System (EMMA) 6/04/2009 2009-29 Regulatory Announcement
Build America Bonds and Other Tax Credit Bonds: Application of Rule G-37 to Solicitations of Issuers 6/09/2009 2009-30 Rule G-37 Regulatory Announcement
MSRB Receives Approval to Accept Filings of Voluntary Continuing Disclosures to the MSRB'S Electronic Municipal Market Access (EMMA) System 6/10/2009 2009-31 Regulatory Announcement
Final Specifications for the MSRB’s Electronic Municipal Market Access System (EMMA) Continuing Disclosure Automated Submission Interface 6/11/2009 2009-32 Regulatory Announcement
Final Specifications for the MSRB’s Electronic Municipal Market Access System (EMMA) Continuing Disclosure Subscription Service 6/11/2009 2009-33 Regulatory Announcement
MSRB Announces Dates for Webinars on Registration to the Continuing Disclosure Service of the Electronic Municipal Market Access System (EMMA) 6/18/2009 2009-34 Regulatory Announcement
MSRB Announces EMMA Dataport Submission System Outage on Friday, June 26, 2009 at 3:00 PM ET in Preparation For the Launch of the Continuing Disclosure Service 6/25/2009 2009-36 Rule G-32 Regulatory Announcement
Preparations by Issuers and Others for the July 1, 2009 Launch of the Continuing Disclosure Service of the MSRB’s Electronic Municipal Market Access System (EMMA) 6/29/2009 2009-37 Regulatory Announcement
MSRB and FINRA Issue Joint Investor Education Notice 6/30/2009 2009-38 Regulatory Announcement
MSRB Launches the Continuing Disclosure Service of Its Electronic Municipal Market Access System ("EMMA") 7/01/2009 2009-39 Regulatory Announcement
MSRB Publishes Interpretive Letter Regarding Solicitation Activity on Behalf of an Affiliated Company Pursuant to Rules G-37 and G-38 7/02/2009 2009-40 Rule G-37 Interpretive Letter
Applicability of MSRB Rules to California Registered Warrants 7/10/2009 2009-41 Rule G-15 , Rule G-17 , Rule G-19 , Rule G-30 Regulatory Announcement
Guidance on Disclosure and Other Sales Practice Obligations to Individual and Other Retail Investors in Municipal Securities 7/14/2009 2009-42 Rule G-17 Interpretive Notice
MSRB Files Proposals to Provide for Additional Primary Market and Continuing Disclosure Information to Be Made Available Through the MSRB’s Electronic Municipal Market Access System (“EMMA”) 7/18/2009 2009-44 Rule G-32 Regulatory Announcement
Amendments Filed to Administrative Rules: Rules A-3, A-4, A-5 and A-6 7/29/2009 2009-45 Rule A-3 , Rule A-4 , Rule A-5 , Rule A-6 Regulatory Announcement
Amendments to Rules G-11 and G-12 Filed with SEC 8/06/2009 2009-46 Rule G-11 , Rule G-12 Regulatory Announcement
Amendment to Rule A-14, on Annual Fee 8/13/2009 2009-48 Regulatory Announcement
Build America Bonds: Reminder of Rule G-15(a) Customer Confirmation Yield Disclosure Requirement 8/25/2009 2009-49 Rule G-15 Regulatory Announcement
Notice Concerning Use of Electronic Confirmations Produced By a Clearing Agency or Qualified Vendor to Satisfy the Requirements of Rule G-15(a) 9/15/2009 2009-50 Rule G-15 Interpretive Notice
MSRB Hosts Webinar Series on Market Information Programs 9/22/2009 2009-52 Regulatory Announcement
MSRB and SIFMA to Co-Host Regulatory and Compliance Seminars 9/22/2009 2009-53 Regulatory Announcement
Reminder Notice on Fair Practice Duties to Issuers of Municipal Securities 9/29/2009 2009-54 Rule G-17 , Rule G-20 Regulatory Announcement
Amendments Approved to Rules G-11 AND G-12 Regarding Settlement Dates and Payments of Designations 9/30/2009 2009-55 Rule G-11 , Rule G-12 Regulatory Announcement
Amendments to Rule A-13 on Underwriting Assessments 9/30/2009 2009-56 Rule A-13 Regulatory Announcement
Upcoming Changes to the Real-Time Transaction Reporting System 10/21/2009 2009-57 Regulatory Announcement
Proposed Rule A-16 on Examination Fees 11/05/2009 2009-58 Rule A-16 Regulatory Announcement
Rule Amendments and Interpretive Notice Filed Regarding Priority of Orders in Primary Offerings 11/18/2009 2009-59 Rule G-8 , Rule G-9 , Rule G-11 , Rule G-17 Regulatory Announcement
MSRB Primary Market and Continuing Disclosure Submission Services - Reminder of Upcoming Word-Searchable Document Requirement and Update on Other Submission-Related Matters 11/24/2009 2009-60 Rule G-32 Regulatory Announcement
Reminder of December 1, 2009 Effective Date of Amendments to Rule A-13 on Underwriting Assessments 12/01/2009 2009-61 Rule A-13 , Rule G-32 Regulatory Announcement
Amendments Filed to Rule G-37 Regarding Contributions to Bond Ballot Campaigns 12/04/2009 2009-62 Rule G-37 Regulatory Announcement
MSRB Amends Pending Proposal on Additional Voluntary Submissions by Issuers and Obligated Persons to the MSRB'S Electronic Municipal Market Access System (EMMA) 12/21/2009 2009-63 Regulatory Announcement
MSRB Amends Pending Proposal on Underwriter Submission of Information about Continuing Disclosure Undertakings to the MSRB's Electronic Municipal Market Access System (EMMA) 12/21/2009 2009-64 Rule G-32 Regulatory Announcement
Request for Comment Regarding Settlement of Syndicate Accounts under Rule G-11 and Secondary Market Trading Accounts under Rule G-12
> Any available comments may be viewed here.
5/12/2009 2009-20 Rule G-11 , Rule G-12 Request for Comment
Request for Comment: Rule G-37 on Political Contributions and Prohibitions on Municipal Securities Busiiness - Bond Ballot Campaign Committee Contributions
> Any available comments may be viewed here.
6/22/2009 2009-35 Rule G-37 Request for Comment
Request for Comment on Additional Increases in Transparency of Municipal Auction Rate Securities and Variable Rate Demand Obligations
> Any available comments may be viewed here.
7/13/2009 2009-43 Rule G-8 , Rule G-34 Request for Comment
Request for Comment Regarding Priority of Orders in Primary Offerings
> Any available comments may be viewed here.
8/11/2009 2009-47 Rule G-11 , Rule G-17 Request for Comment
Request for Comment: Rule G-37 on Political Contributions and Prohibitions on Municipal Securities Business – Bank and Bank Holding Company Political Action Committee Contributions
> Any available comments may be viewed here.
9/16/2009 2009-51 Rule G-37 Request for Comment