MSRB NOTICE 2009-21 (MAY 13, 2009)

MSRB ANNOUNCES DATES FOR WEBINARS ABOUT THE SUBMISSION PROCESS FOR THE PRIMARY MARKET DISCLOSURE SERVICE OF THE ELECTRONIC MUNICIPAL MARKET ACCESS SYSTEM ("EMMA")

On March 23, 2009 the Municipal Securities Rulemaking Board (“MSRB”) filed a proposed rule change with the Securities and Exchange Commission that would, among other things, implement an electronic system for free public access to, among other things, primary market disclosure documents through the MSRB’s  Electronic Municipal Market Access (“EMMA”) system, as well as amend and consolidate current Rules G-32 and G-36 into new Rule G-32, on new issue disclosure, and replace current Forms G-36(OS) and G-36(ARD) with new Form G-32 for the purpose of establishing an electronic official statement dissemination standard in the municipal securities market (the “permanent primary market disclosure service”).[1] The MSRB also filed final specifications for the automated submission interface of the permanent primary market disclosure service of EMMA.  

In anticipation of the commencement of operations of the permanent primary market disclosure service of EMMA, beginning May 18, 2009 and continuing through May 28, 2009, the MSRB will host a series of webinars for brokers, dealers and municipal securities dealers, acting as underwriters, placement agents or remarketing agents, and their designated agents. The webinars will provide an overview of the submission process for the permanent primary market disclosure service of EMMA. The webinars will be devoted to submissions via EMMA’s web-based interface and will not address computer-to-computer submissions.[2] The webinars will cover primary offerings and remarketings of typical securities (identified by nine-digit CUSIP numbers), commercial paper, and securities ineligible for CUSIP number assignments. A later webinar will cover municipal fund securities, including 529 college savings plans, and the submission of advance refunding documents.

Four webinars are offered. Each webinar will last approximately one hour. Pre-registration is required and must be completed via the links below. There is no charge to attend.

Sessions
May 18, 2009 11:00 am ET.  To register, click here
May 20, 2009 11:00 am ET.  To register, click here
May 26, 2009 2:00 pm ET.  To register, click here
May 28, 2009 2:00 pm ET.  To register, click here

After registering, you will receive a confirmation email with a link to join the webinar session at its respective time.  Please click on the link approximately ten minutes before the session start time.  You will be directed to download the GoTo Webinar manager, and will then be given a Dial in Number, Access Code, and Audio PIN.  Please make sure to enter the Audio PIN so that you may be granted speaking privileges.  All attendees will automatically be muted upon entering the session.  If you would like to ask a question, please click on the hand tool to raise your hand.  The presenter will recognize your request and un-mute you to ask a question.  Due to the large volume of attendees, we are only able to un-mute 25 attendees at a time.  Please click on the hand tool to lower your hand if your question has already been answered. 

If you have any questions about connecting to GoTo Webinar, please contact our Meeting and Event Planner, Tina Hanachi, at 703-797-6600, or call GoTo Webinar technical support at 1-800-263-6317.

Questions about the topics covered at the conference calls may be directed to a Transaction Reporting Assistant at 703-797-6668.

May 13, 2009


[2] Preliminary specifications and related information for the computer-to-computer process were published in MSRB Notice 2009-08 (March 24, 2009). The automated submission interface will be a computer-to-computer connection for the submission of official statements, certain preliminary official statements and advance refunding documents, together with related information, to the EMMA primary market disclosure service by brokers, dealers and municipal securities dealers, acting as underwriters, placement agents or remarketing agents and their designated agents.