MSRB NOTICE 2008-31 (JULY 10, 2008)

NIIDS PHONE-IN WORKSHOP

On July 29, the Municipal Securities Rulemaking Board (MSRB), Depository Trust and Clearing Corporation (DTCC) and Financial Industry Regulatory Authority (FINRA) will be hosting a phone-in workshop to discuss testing and implementation of DTCC’s New Issue Information Dissemination System (NIIDS).  The phone-in workshop aims to educate underwriters of municipal securities about the new requirement for underwriter participation with NIIDS, which becomes effective September 30, 2008.[1] 

At the phone-in workshop, MSRB will review the new requirement for underwriter participation with NIIDS that becomes effective on September 30, 2008 and the requirement for underwriters to test NIIDS by no later than September 15, 2008.[2]  DTCC will discuss the NIIDS testing schedule with a detailed focus on educating and providing guidelines meant to help firms accomplish successful testing status.   

The phone-in workshop is open to all municipal securities dealers.  There is no charge for participating; however, pre-registration is required. 

NIIDS Phone-in Workshop
July 29, 2008
1:00 p.m. - 2:15 p.m. Eastern

Please visit the event web page to register: http://www.finra.org/phoneinworkshops   

Questions about MSRB rules to require underwriter participation with NIIDS may be directed to Justin Pica, Uniform Practice Policy Advisor, at 703-797-6716 or Sara Pranio, Uniform Practice Assistant, at 703-797-6714.

July 10, 2008

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