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

MSRB TO BEGIN ACCEPTING MUNICIPAL ASSET-BACKED SECURITIES DISCLOSURES ON EMMA

Alexandria, VA – The Municipal Securities Rulemaking Board (MSRB) today announced that its Electronic Municipal Market Access (EMMA®) service would begin collecting and disseminating disclosures related to municipal asset-backed securities required under the Securities and Exchange Commission’s (SEC) Rule 15Ga-1 on January 9, 2015. Read the regulatory notice. 

The changes facilitate a requirement adopted by the SEC that seeks to benefit investors by making these disclosures readily available on the EMMA website, which houses disclosures and trade data for virtually all 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. 

Also on January 9, 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 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.

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