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Contact: Jennifer A. Galloway, Chief Communications Officer 
            (703) 797-6600


Alexandria, VA – The Municipal Securities Rulemaking Board (MSRB) today announced the effectiveness of a change to the Electronic Municipal Market Access (EMMA®) service to add disclosures related to municipal asset-backed securities required under Securities Exchange Act Rule 15Ga-1. The change will provide for the collection and public dissemination of certain disclosures related to municipal asset-backed securities. Read the regulatory notice.

The changes facilitate a requirement adopted by the Securities and Exchange Commission that seeks to benefit investors by making these disclosures readily available on the EMMA website, which houses all disclosures and trade data for municipal securities. EMMA search functionality, email alerts generated upon the posting of a disclosure for a specific security and email reminders about recurring disclosure obligations for submitters will be updated to reflect submissions of ABS disclosures.

In January 2015, the MSRB will provide updated documentation for submitters of and subscribers to continuing disclosures reflecting the new category of disclosure that will be accepted by EMMA. The exact operative date in January 2015 of the changes to the EMMA system will be announced in a separate notice published on the MSRB website.

The Municipal Securities Rulemaking Board (MSRB) protects and strengthens the municipal bond market, enabling access to capital, economic growth, and societal progress in tens of thousands of communities across the country. The MSRB fulfills this mission by creating trust in our market through informed regulation of dealers and municipal advisors that protects investors, issuers and the public interest; building technology systems that power our market and provide transparency for issuers, institutions, and the investing public; and serving as the steward of market data that empowers better decisions and fuels innovation for the future. The MSRB is a self-regulatory organization governed by a board of directors that has a majority of public members, in addition to representatives of regulated entities. The MSRB is overseen by the Securities and Exchange Commission and Congress.