|Notice of Filing of New Fees for OS/ARD Annual Backlog
||Notice of Filing
The Board has filed changes to fees for OS/ARD annual "backlog" collections.
Questions about the filing may be directed to Thomas A. Hutton, Director of MSIL.
On June 15, 1998, the Board filed with the Securities and Exchange Commission (Commission) a change to certain fees relating to the operation of its Official Statement/Advance Refunding Document (OS/ARD) subsystem of the Municipal Securities Information Library® (MSIL®) system.(1) The Board is establishing a price of $8,000 (plus delivery or postage charges) for each of its annual "backlog" collections of official statements and advance refunding documents.(2) This fee change was effective upon filing with the Commission.(3)
The OS/ARD subsystem is a central electronic facility through which information collected and stored pursuant to MSRB rule G-36 is made available electronically and in paper form to market participants and information vendors.(4)
July 15, 1998
1. Municipal Securities Information Library and MSIL are registered trademarks of the Board. The MSIL® system, which was approved in Securities Exchange Act Release No. 29298 (June 13, 1991), 56 FR 28194 (June 19, 1991), is a central facility through which information about municipal securities is collected, stored and disseminated.
2. The Board has charged varying fees for different annual backlog collections based on the number of documents received and processed in any given year. The Board is changing the fees for the annual backlog collections to defray its cost of disseminating the electronic collections in a manner that reflects the change in cost to the Board resulting from a change in media from magneto-optical disk or digital audio tape to CD-ROM and the termination of the Board's contract with an outside imaging contractor.
3. File No. SR-MSRB-98-7. Securities Exchange Act Release No. 40195 (July 13, 1998), 63 FR 38868 (1998)
4. Rule G-36 requires underwriters to provide copies of final official statements and advance refunding documents within certain specified time frames for most new issues issued since January 1, 1990.
Next| Contents | Home Page
Copyright 2000 Municipal Securities Rulemaking Board. All Rights Reserved. Terms and Conditions of Use