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Contact: Aleis Stokes, Chief External Relations Officer 
              202-838-1500 
              astokes@msrb.org

 

MSRB ANNOUNCES DISCUSSION TOPICS FOR QUARTERLY BOARD MEETING 

Washington, DC – The Board of Directors of the Municipal Securities Rulemaking Board (MSRB) will meet on October 23-24, 2024, holding the first quarterly meeting of fiscal year 2025. The Board will discuss its priorities for the next fiscal year to advance its FY 2022-2025 Strategic Plan. This will be the first meeting under the direction of MSRB’s new Board Chair Warren “Bo” Daniels. Highlights of the Board discussion will include: 

Rate Card RFI 
The Board will discuss issuing a Request for Information (RFI) regarding MSRB’s rate card and fee-setting process to evaluate potential modifications to the model. 

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

  • Rule D-15: Defining a sophisticated municipal market professional (SMMP).
  • Rule A-12: Enhancing information related to bank dealer associated persons.
  • Rule G-27: Discussing industry feedback in connection with remote supervisory obligations.


Market Transparency and Market Data 
The Board will also receive an update on the modernization of the Electronic Municipal Market Access (EMMA) website, including a demonstration of stakeholder-driven updates that will enhance the user interface and experience on EMMA, as well as preview a newly redesigned EMMA website which is scheduled to be launched before the end of 2025.

The Municipal Securities Rulemaking Board (MSRB) was established by Congress in 1975 with the mission to protect investors, issuers and the public interest and to promote efficiency, competition and capital formation. MSRB is a private, self-regulatory organization governed by an independent board of directors with market knowledge and expertise. MSRB does not receive federal appropriations and is funded primarily through fees paid by regulated entities. MSRB is overseen by Congress and the Securities and Exchange Commission.

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