Date:
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 22-23, 2025, to hold the first quarterly meeting of fiscal year 2026.

Highlights of the Board discussion will include:
 

Market Regulation

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

  • MSRB’s rule harmonization initiative with FINRA Forward rulemaking.
  • Rule G-28: Transactions with employees and partners of other municipal securities professionals.
  • Rule G-32: Regarding disclosures in connection with primary offerings.
  • Updates on other areas of retrospective rule review, including dealer supervision.
     

Market Transparency and Structure

The Board will also receive an update on recently published and upcoming research, a recap of recent market activity and a briefing on information technology initiatives, including the development of a modernized Electronic Municipal Market Access (EMMA) website.

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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