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MSRB Business Continuity Plan

The Municipal Securities Rulemaking Board (MSRB) maintains a Business Continuity Plan (BCP) that governs the MSRB’s response to emergency situations or significant service disruptions to its market transparency systems. The continued operation of essential MSRB systems and services is integral to the fair and efficient operation of the municipal securities market and the protection of investors, municipal entities and the public interest.  

The MSRB’s BCP addresses reasonably foreseeable events that might affect MSRB operations, mission-critical systems, assets, facilities and other resources or services integral to the conduct of MSRB activities. The MSRB maintains multiple backup sites to support recovery measures in the event of a significant business disruption to MSRB systems and services, including, but not limited to, the MSRB’s Electronic Municipal Market Access (EMMA®) website, the Real-Time Transaction Reporting System (RTRS), and various data and document subscription services.  

In the event of an outage, the MSRB reminds market participants, including municipal securities dealers and issuers, among others, to retain any information they would normally submit to the MSRB until such time as it can be transmitted to the MSRB.  

The MSRB ensures uninterrupted communication with market participants, fellow regulators, employees and the Board of Directors through emergency re-routing of the main MSRB contact number, 202-838-1500, as well as our website, . The systems status page is equipped to display the latest status for MSRB systems.  

The MSRB’s BCP process undergoes an annual review and update as well as periodic testing to ensure timely and effective execution in the event of an actual service disruption.