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 Seeks Applicants for Board of Directors Municipal Securities Dealers, Municipal Advisors, Issuers, Investors, General Public 1/04/2016 2016-01 Rule A-3 Regulatory Announcement
SEC Approves New MSRB Rule G-42 on Duties of Non-Solicitor Municipal Advisors and Related Amendments to MSRB Rule G-8 Municipal Securities Dealers, Municipal Advisors, Issuers, General Public 1/13/2016 2016-03 Rule G-8 , Rule G-42 Approval Notice
Designation Information Regarding Mandatory Participation in Business Continuity and Disaster Recovery Testing Municipal Securities Dealers, Municipal Advisors 1/19/2016 2016-04 Rule A-18 Regulatory Announcement
MSRB Revises Content Outline for the General Securities Sales Supervisor Qualification Examination Municipal Securities Dealers 1/28/2016 2016-05 Regulatory Announcement
Amendments to MSRB Rule G-37 on Political Contributions and Prohibitions on Municipal Securities Business and Related Amendments are Deemed Approved Under the Securities Exchange Act of 1934 Municipal Securities Dealers, Municipal Advisors, Issuers 2/17/2016 2016-06 Rule G-8 , Rule G-9 , Rule G-37 Approval Notice
MSRB Amends its Rule Regarding Calculations for Bonds that Do Not Pay Interest Semi-Annually Municipal Securities Dealers 2/23/2016 2016-08 Rule G-33 Regulatory Announcement
MSRB Revises Effective Date for Amendments to MSRB Rule G-14, on Transaction Reporting Municipal Securities Dealers 3/02/2016 2016-09 Rule G-14 Regulatory Announcement
SEC Approves Amendments to MSRB Rule A-3, on Membership on the Board, to Lengthen the Term of Board Member Service Municipal Securities Dealers, Municipal Advisors, Issuers, Investors, General Public 3/18/2016 2016-10 Rule A-3 Regulatory Announcement
Direct Purchases and Bank Loans as Alternatives to Public Financing in the Municipal Securities Market Municipal Securities Dealers, Municipal Advisors, Issuers 4/04/2016 2016-12 Market Advisory
Municipal Fund Securities - Interpretation Relating to the Sales of Interests in ABLE Programs in the Primary Market Municipal Securities Dealers, Municipal Advisors, Investors 4/12/2016 2016-14 Rule D-12 Regulatory Announcement
MSRB to Amend Rules to Define Two-Day Settlement Cycle Municipal Securities Dealers 5/02/2016 2016-15 Rule G-12 , Rule G-15 Regulatory Announcement
MSRB to Launch Permanent Series 50 Exam September 12, 2016 Municipal Advisors 5/31/2016 2016-16 Rule G-3 Regulatory Announcement
MSRB Revises Content Outline for the Municipal Advisor Representative Qualification Examination Municipal Advisors 6/15/2016 2016-17 Regulatory Announcement
MSRB Files Amendment to Rule G-37 to Clarify its Application to Contributions before August 17, 2016 Municipal Securities Dealers, Municipal Advisors, Issuers 8/04/2016 2016-18 Rule G-37 Regulatory Announcement
MSRB Provides Guidance on MSRB Rule G-14, on Reports of Sales or Purchases of Municipal Securities Municipal Securities Dealers 8/09/2016 2016-19 Rule G-14 Regulatory Announcement
MSRB Delays Reporting of Information by Underwriters of ABLE Programs and Provides Guidance Relating to Municipal Advisors to Sponsors or Trustees of Municipal Fund Securities, including ABLE Programs Municipal Securities Dealers, Municipal Advisors, Issuers 8/12/2016 2016-20 Rule G-42 , Rule G-44 , Rule G-45 Regulatory Announcement
SEC Approves Amendments to MSRB Rule G-12 on Close-Out Procedures Municipal Securities Dealers 8/19/2016 2016-21 Rule G-12 Approval Notice
SEC Approves MSRB Academic Historical Transaction Data Product Municipal Securities Dealers, Municipal Advisors, Issuers, Investors, General Public 9/14/2016 2016-22 Approval Notice
MSRB Announces the Effective Date of the Academic Historical Transaction Data Product Municipal Securities Dealers, Municipal Advisors, Issuers, Investors, General Public 11/17/2016 2016-26 Regulatory Announcement
Interpretive Notice Regarding Rule G-47, on Time of Trade Disclosure Municipal Securities Dealers, Investors 11/22/2016 2016-27 Rule G-47 Regulatory Announcement
New Disclosure Requirements Under MSRB Rule G-15 and Prevailing Market Price Guidance Pursuant to Rule G-30 Effective May 14, 2018 Municipal Securities Dealers, Investors, General Public 11/29/2016 2016-28 Rule G-15 , Rule G-30 Approval Notice
Interpretive Notice on the Application of MSRB Rules to Transactions in Managed Accounts Municipal Securities Dealers, Investors, General Public 12/01/2016 2016-29 Rule D-15 , Rule G-48 Regulatory Announcement
Request for Comment on Amendments to MSRB Rule G-12 on Close-Out Procedures
> Any available comments may be viewed here.
Municipal Securities Dealers 1/06/2016 2016-02 Rule G-12 Request for Comment
Request for Comment on Draft Amendments to MSRB Rule G-30 to Provide Guidance on Prevailing Market Price
> Any available comments may be viewed here.
Municipal Securities Dealers, Investors 2/18/2016 2016-07 Rule G-30 Request for Comment
Request for Comment on a Concept Proposal to Improve Disclosure of Direct Purchases and Bank Loans
> Any available comments may be viewed here.
Municipal Securities Dealers, Municipal Advisors, Issuers, Investors, General Public 3/28/2016 2016-11 Concept Proposal
Request for Comment on Draft Amendments to MSRB Rule G-15(f) on Minimum Denominations
> Any available comments may be viewed here.
Municipal Securities Dealers, Issuers, Investors, General Public 4/07/2016 2016-13 Rule G-15 Request for Comment
Second Request for Comment on Draft Provisions on Minimum Denominations
> Any available comments may be viewed here.
Municipal Securities Dealers, Issuers, Investors, General Public 9/27/2016 2016-23 Rule G-15 Request for Comment
Request for Comment on Draft Provisions to Establish a Continuing Education Requirement for Municipal Advisors
> Any available comments may be viewed here.
Municipal Securities Dealers, Municipal Advisors, Issuers, Investors, General Public 9/30/2016 2016-24 Rule G-3 Request for Comment
MSRB Seeks Input on Strategic Priorities
> Any available comments may be viewed here.
Municipal Securities Dealers, Municipal Advisors, Issuers, Investors, General Public 10/12/2016 2016-25 Request for Comment