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Contact: Aleis Stokes, Chief External Relations Officer



Washington, DC – The Board of Directors of the Municipal Securities Rulemaking Board (MSRB) will meet on April 17-18, 2024, holding the third quarterly meeting of fiscal year 2024 to advance its FY 2022-2025 Strategic Plan.

Market Regulation

The Board will discuss regulatory matters and receive updates on several on-going Market Regulation initiatives including:

  • Notice 2023-11: Review of public comments to Request for Information on Impacts of MSRB Rules on Small Firms.
  • Rule G-12(c): Potential codification of confirmation requirements for certain inter-dealer trades.
  • Rule G-14: Pending rule proposal to shorten the timeframe for trade reporting.
  • Rule D-15: Potential modifications to the definition of a sophisticated municipal market professional (SMMP).
  • Form G-32: Review of recent changes to the submission process for primary market disclosures to the MSRB’s EMMA website.

Market Transparency

The Board will receive an update regarding work to modernize the Electronic Municipal Market Access (EMMA) website and related market transparency systems.

Additionally, the Board will review recent and upcoming research and education publications and discuss potential opportunities for future pieces.

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.