Notices

Regulatory Notices

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

Sign up for Email Alerts Sign up to receive emails about regulatory notices.

Please visit Requests for Comment page to submit comments.
Title Stakeholders Publication Date Notice Number Rule Number Notice Type
MSRB Seeks Board of Directors Applicants 1/09/2012 2012-01 Rule A-3 Regulatory Announcement
MSRB Announces Upcoming Outreach Events 1/11/2012 2012-02 Regulatory Announcement
MSRB Files Amendments to Rule G-14, on Reports of Sales or Purchases, Including the Rule G-14 RTRS Procedures, and Amendments to the Real-Time Transaction Reporting System 1/20/2012 2012-03 Rule G-14 Regulatory Announcement
MSRB and BDA to Co-Host Municipal Securities Regulation Seminar in St. Louis 2/21/2012 2012-05 Regulatory Announcement
MSRB Publishes Long-Range Market Transparency Plan 2/23/2012 2012-06 Regulatory Announcement
MSRB Files Proposal to Amend the Electronic Municipal Market Access Primary Market and Continuing Disclosure Subscription Services 2/27/2012 2012-07 Regulatory Announcement
MSRB Files Proposal to Amend SHORT System Subscription Service 2/27/2012 2012-08 Regulatory Announcement
MSRB to Host Education and Outreach Seminar in Chicago 3/02/2012 2012-11 Regulatory Announcement
MSRB Files Rule Proposal on Regulation of Broker’s Brokers 3/05/2012 2012-12 Rule G-8 , Rule G-9 , Rule G-18 Regulatory Announcement
SEC Approves Amendments to MSRB Rule G-14, on Reports of Sales or Purchases, Including Rule G-14 RTRS Procedures, and Amendments to the Real-Time Transaction Reporting System 3/21/2012 2012-15 Rule G-14 Regulatory Announcement
MSRB Files Restated Interpretive Notice on Sophisticated Municipal Market Professionals 3/26/2012 2012-16 Regulatory Announcement
MSRB and SIFMA to Co-Host Municipal Securities Regulation Seminar 3/27/2012 2012-17 Regulatory Announcement
Notice Concerning Voluntary Disclosure of Bank Loans to EMMA® 4/03/2012 2012-18 Regulatory Announcement
MSRB Reminds Dealers of Limits on Redactions of SHORT System Documents 4/11/2012 2012-20 Rule G-17 , Rule G-34 Regulatory Announcement
Reminder of April 30, 2012 Effective Date Regarding Changes to Transaction Reporting Requirements 4/17/2012 2012-21 Regulatory Announcement
MSRB Receives SEC Approval to Provide Additional EMMA Primary Market and Continuing Disclosure Historical Products 4/30/2012 2012-22 Regulatory Announcement
MSRB Receives SEC Approval to Provide Additional SHORT System Subscription Service 4/30/2012 2012-23 Regulatory Announcement
MSRB Files Partial Amendment to Broker’s Brokers Proposal 5/03/2012 2012-24 Regulatory Announcement
Securities and Exchange Commission Approves Interpretive Notice on the Duties of Underwriters to State and Local Government Issuers 5/07/2012 2012-25 Rule G-17 Regulatory Announcement
MSRB and CDIAC Announce Education and Outreach Seminar in San Francisco 5/15/2012 2012-26 Regulatory Announcement
Securities and Exchange Commission Approves Revised MSRB Definition of Sophisticated Municipal Market Professional 5/29/2012 2012-27 Rule G-13 , Rule G-17 , Rule G-18 , Rule G-19 Regulatory Announcement
Reminder of Upcoming Change to Transaction Reporting Requirements and Availability of Technical Specifications 6/04/2012 2012-30 Regulatory Announcement
MSRB to Hold Webinar on Upcoming Changes to MSRB Rule G-17 Regarding the Duties of Underwriters to State and Local Governments 6/06/2012 2012-31 Regulatory Announcement
Reminder of June 16, 2012 Effective Date Regarding Amendments to MSRB Rule G-9 on Preservation of Records 6/15/2012 2012-32 Rule G-9 Regulatory Announcement
EMMA Primary Market, Continuing Disclosure and SHORT System Historical Products Now Available 6/18/2012 2012-33 Regulatory Announcement
Securities and Exchange Commission Approves MSRB Proposal on Regulation of Broker’s Brokers 6/25/2012 2012-34 Rule G-8 , Rule G-9 , Rule G-18 , Rule G-43 Regulatory Announcement
MSRB Files Proposed Amendment to Rule G-34 Concerning the Designation of “Not Reoffered” in Connection with New Issues of Municipal Securities 6/28/2012 2012-35 Rule G-34 Regulatory Announcement
Reminder of New Definition of Sophisticated Municipal Market Professional (SMMP) and Changes in Applicability of MSRB Rules to Such Market Participants 7/09/2012 2012-37 Rule G-13 , Rule G-17 , Rule G-18 , Rule G-19 Regulatory Announcement
Guidance on Implementation of Interpretive Notice Concerning the Application of MSRB Rule G-17 to Underwriters of Municipal Securities 7/18/2012 2012-38 Rule G-17 Regulatory Announcement
Reminder of Effective Date of New Interpretive Notice Concerning the Application of MSRB Rule G-17 to Underwriters of Municipal Securities 8/02/2012 2012-39 Rule G-17 Regulatory Announcement
Changes to Transaction Reporting Requirements Effective November 5, 2012 8/10/2012 2012-42 Rule G-14 Regulatory Announcement
MSRB and BDA to Co-Host Municipal Securities Regulation Seminar in Chicago 8/21/2012 2012-44 Regulatory Announcement
MSRB Files Amendments with SEC to Enhance Price Transparency for Large Trades 8/24/2012 2012-45 Regulatory Announcement
MSRB and SIFMA to Co-Host Municipal Securities Regulation Seminar in New York 8/27/2012 2012-46 Regulatory Announcement
MSRB Creates New Online Training Videos on Making Primary Market and Continuing Disclosure Submissions to the EMMA Website 9/13/2012 2012-47 Regulatory Announcement
Amendments to MSRB Rule G-34 Relating to Use of the Term “Not Reoffered” for New Issues of Municipal Securities Approved 9/24/2012 2012-48 Rule G-34 Regulatory Announcement
New Online Procedure for Documenting Dealer System Outages 9/27/2012 2012-49 Regulatory Announcement
Reminder of Upcoming Changes to MSRB Transaction Reporting Requirements 10/09/2012 2012-51 Rule G-14 Regulatory Announcement
MSRB Files Amendments with SEC to Streamline New Issue Information Submission Requirements Under MSRB Rules G-32 and G-34 10/23/2012 2012-52 Rule G-8 , Rule G-14 , Rule G-32 , Rule G-34 Regulatory Announcement
SEC Approves Enhancement to Large Trade Price Transparency 10/25/2012 2012-53 Regulatory Announcement
Reminder of November 1, 2012 Effective Date Regarding Amendments to MSRB Rule G-34 Relating to Use of the Term “Not Reoffered” for New Issues of Municipal Securities 10/25/2012 2012-54 Rule G-34 Regulatory Announcement
Update on Effectiveness of Changes to Transaction Reporting Requirements 11/02/2012 2012-55 Rule G-14 Regulatory Announcement
MSRB to Host Regional Education and Outreach Seminars in 2013 11/14/2012 2012-56 Regulatory Announcement
MSRB Revises Series 53 Study Outline 11/16/2012 2012-57 Rule G-3 Regulatory Announcement
MSRB Extends Implementation Date of Inter-Dealer Regulatory Dollar Price Reporting Requirement 11/29/2012 2012-60 Rule G-14 Regulatory Announcement
Reminder of Effective Date of New Rule and Interpretive Notice Concerning Regulation of Broker's Brokers 12/17/2012 2012-62 Rule G-8 , Rule G-9 , Rule G-18 , Rule G-43 Regulatory Announcement
SEC Approves Amendments to Streamline New Issue Information Submission Requirements Under MSRB Rules G-32 and G-34 12/24/2012 2012-64 Rule G-8 , Rule G-14 , Rule G-32 , Rule G-34 Regulatory Announcement
Request for Comment on Draft Interpretive Notice Concerning the Application of MSRB Rule G-17 to Bondholder Consents by Underwriters of Municipal Securities
> Any available comments may be viewed here.
2/07/2012 2012-04 Rule G-17 Request for Comment
MSRB Seeks Input on Fiscal Year 2013 Priorities
> Any available comments may be viewed here.
2/29/2012 2012-09 Request for Comment
MSRB Requests Comment on a Concept Proposal for Electronic Dissemination of 529 College Savings Plan Disclosure Documents
> Any available comments may be viewed here.
3/01/2012 2012-10 Request for Comment
Request for Comment on Proposed Rule Amendments and Interpretive Notice on Retail Order Periods
> Any available comments may be viewed here.
3/06/2012 2012-13 Rule G-8 , Rule G-11 , Rule G-17 , Rule G-30 , Rule G-32 Request for Comment
Request for Comment on Proposed Changes to MSRB Rule G-34 Concerning the Designation of “Not Reoffered” in Connection with New Issues of Municipal Securities
> Any available comments may be viewed here.
3/13/2012 2012-14 Rule G-34 Request for Comment
Request for Comment on Proposal to Streamline New Issue Information Submission Requirements Under MSRB Rules G-32 and G-34
> Any available comments may be viewed here.
4/10/2012 2012-19 Rule G-32 , Rule G-34 Request for Comment
Request for Comment on Concept Proposal to Provide for Public Disclosure of Financial Incentives Paid or Received by Dealers and Municipal Advisors Representing Potential Conflicts of Interest
> Any available comments may be viewed here.
5/31/2012 2012-28 Request for Comment
Request for Comment on Elimination of Large Trade Size Masking on Price Transparency Reports
> Any available comments may be viewed here.
6/01/2012 2012-29 Request for Comment
Request for Comment on Draft Amendment to Limit Dealer Consents to Changes in Authorizing Documents for Municipal Securities
> Any available comments may be viewed here.
7/05/2012 2012-36 Rule G-11 Request for Comment
Request for Comment on Draft Proposal to Collect 529 College Savings Plan Data
> Any available comments may be viewed here.
8/06/2012 2012-40 Request for Comment
Request for Comment on Concept Proposal to Strengthen Account Opening and Supervisory Practices of Dealers Effecting Online Municipal Securities Transactions with Individual Investors
> Any available comments may be viewed here.
8/09/2012 2012-41 Rule G-17 , Rule G-18 , Rule G-19 , Rule G-30 Request for Comment
Request for Comment: Rule G-37 on Political Contributions and Prohibitions on Municipal Securities Business - Bond Ballot Campaign Committee Contributions
> Any available comments may be viewed here.
8/15/2012 2012-43 Rule G-8 , Rule G-37 Request for Comment
Request for Comment on Revised Draft Rule Amendments and a Revised Draft Interpretive Notice on Retail Order Periods
> Any available comments may be viewed here.
10/02/2012 2012-50 Rule G-8 , Rule G-11 , Rule G-17 , Rule G-30 , Rule G-32 Request for Comment
Request for Comment on Exception Provisions of Draft Rule Amendment to Limit Dealer Consents to Changes in Authorizing Documents for Municipal Securities
> Any available comments may be viewed here.
11/21/2012 2012-58 Rule G-11 Request for Comment
Second Request for Comment on Draft Rule Requiring Underwriters to Submit 529 College Savings Plan Information to the MSRB
> Any available comments may be viewed here.
11/23/2012 2012-59 Request for Comment
Request for Comment on Concept Proposal to Require Underwriters to Submit Preliminary Official Statements to the MSRB’S Electronic Municipal Market Access (EMMA®) System
> Any available comments may be viewed here.
12/12/2012 2012-61 Request for Comment
Request for Comment on MSRB Rules and Interpretive Guidance
> Any available comments may be viewed here.
12/18/2012 2012-63 Request for Comment