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Notice 2026-11 - Informational Notice
Publication date:
MSRB Amends Rule G-3 to Reduce Waiting Periods for Retaking Professional Qualification Examinations Consistent with Recent Amendments
Information for:

Dealers, Municipal Advisors

Rule Number:

Rule G-3

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Notice 2026-10 - Approval Notice
Publication date:
SEC Approves Amendments to MSRB Rule G-27 on Dealer Supervision
Information for:

Dealers, General Public, Investors, Issuers

Rule Number:

Rule G-27

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Notice 2026-09 - Request for Comment
Publication date: | Comment due:
Request For Comment on Draft Amendments to MSRB Rule G-32 to Modernize Municipal Fund Securities Disclosure Obligations
Information for:

General Public, Investors, Issuers, Municipal Advisors, Municipal Fund Securities

Rule Number:

Rule G-32

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  1. Teachers Insurance and Annuity Association of America: Letter from Christopher S. Lynch, President, TFI,
     Senior Managing Director, TIAA, dated October 20, 2026
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Notice 2026-08 - Approval Notice
Publication date:
MSRB Amends Rule G-12, on Uniform Practice, to Revise Section (c) on Inter-dealer Confirmations to Streamline Rule Requirements and Amend or Retire Certain Outdated Interpretive Guidance
Information for:

Bank Dealers, General Public, Investors

Rule Number:

Rule G-12

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Notice MSRB Notice 2026-07 - Regulatory Reminder
Publication date:
Notice on Voluntary Early Compliance By Municipal Advisors and Bank Dealers With Recent Rule G-20 Amendments Before December 1, 2026
Information for:

Municipal Advisors

Rule Number:

Rule G-20

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Notice 2026-04 - Informational Notice
Publication date:
MSRB Amends Rule G-20 to Increase Gift Limit, Consistent with Recent FINRA Amendments
Information for:

Dealers, Municipal Advisors

Rule Number:

Rule G-20

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Notice 2026-03 - Request for Comment
Publication date: | Comment due:
Request for Comment on Draft Amendments to MSRB Rules to Retire Financial Advisor Terminology Pursuant to the MSRB’s Municipal Advisor Retrospective Rule Review (as revised on May 6, 2026)
Information for:

Bank Dealers, Dealers, Issuers, Municipal Advisors

Rule Number:

Rule G-1, Rule G-3, Rule G-20, Rule G-23, Rule G-37

All Comments to Notice 2026-03

  1. American Securities Association: Letter from Jessica R. Giroux, Chief Legal Officer, dated July 20, 2026
  2. First Hawaiian Bank: Email from Ryan Ushijima dated July 10, 2026
  3. National Association of Municipal Advisors: Letter from Susan Gaffney, Executive Director, dated July 20, 2026
  4. PFM Financial Advisors, LLC: Letter from Cheryl Maddox, Chief Legal and Compliance Officer, dated July 20, 2026
  5. Securities Industry and Financial Markets Association: Letter from Leslie M. Norwood, Managing Director and Associate General Counsel, Head of Municipal Securities, dated July 20, 2026
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Notice 2026-02 - Informational Notice
Publication date:
Designation Information Regarding Mandatory Participation in Business Continuity and Disaster Testing
Information for:

Bank Dealers, Dealers, Municipal Advisors

Rule Number:

Rule A-18

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Notice 2026-01 - Request for Comment
Publication date: | Comment due:
Request for Comment on MSRB Rule G-27 on Dealer Supervision
Information for:

Bank Dealers, Dealers, General Public, Investors

Rule Number:

Rule G-27

All Comments to Notice 2026-01

  1. American Securities Association: Letter from Jessica R. Giroux, Chief Legal Officer, dated March 16, 2026
  2. Bond Dealers of America: Letter from Michael Decker, Senior Vice President, Research and Public Policy, dated March 16, 2026
  3. Peg Henry PLLC: Letter from Margaret C. (Peg) Henry, Sole Member, dated March 6, 2026
  4. Securities Industry and Financial Markets Association: Letter from Leslie M. Norwood, Managing Director and Associate General Counsel, Head of Municipal Securities, dated March 16, 2026
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Notice 2025-09 - Approval Notice
Publication date:
SEC Approves Amendments to MSRB Rules A-11 and A-13 Establishing New Multi-Year Rate Card Fees for Dealers and Municipal Advisors
Information for:

Dealers, Municipal Advisors

Rule Number:

Rule A-11, Rule A-13

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Compliance Resource
Publication date:
Steps for Registering as a Municipal Advisor
Information for:

Dealers, Municipal Advisors

Rule Number:

Rule G-2, Rule G-3, Rule A-12

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Notice 2025-08 - Request for Comment
Publication date: | Comment due:
Request for Comment on MSRB Rule D-15 Defining the Term Sophisticated Municipal Market Professional
Information for:

General Public, Investors, Issuers

Rule Number:

Rule D-15

All comments to Notice 2025-08

  1. American Securities Association: Letter from Jessica R. Giroux, Chief Legal Officer, dated February 2, 2026
  2. Bond Dealers of America: Letter from Michael Decker, Senior Vice President, Research and Public Policy, dated February 2, 2026
  3. City of Richardson, TX: Letter from Aimee Ferguson [undated]
  4. Government Finance Officers Association: Letter from Emily S. Brock, Director, Federal Liaison Center, dated February 2, 2026
  5. Public Investors Advocate Bar Association: Letter from Michael Bixby, President, dated January 30, 2026
  6. Second Chair LLC: Email from Mark Conner dated November 3, 2025 and Letter from Mark Conner, Principal [undated]
  7. Securities Industry and Financial Markets Association: Letter from Leslie M. Norwood, Managing Director and Associate General Counsel, Head of Municipal Securities, dated February 2, 2026
  8. Titus, Luke: Email dated June 12, 2026
  9. Varnavides Law: Letter from Gary A. Varnavides dated February 2, 2026
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Notice 2025-07 - Informational Notice
Publication date:
MSRB Seeks Volunteers for Compliance Advisory Group
Information for:

Bank Dealers, Dealers, Investors, Issuers, Municipal Advisors

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Compliance Resource
Publication date:
FAQs on the Series 50 Examination
Information for:

Municipal Advisors

Rule Number:

Rule G-2, Rule G-3

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Notice 2025-06 - Informational Notice
Publication date:
Issuer and Investor Notification: Posting and Accessing Preliminary Official Statements on EMMA
Information for:

Dealers, General Public, Investors, Issuers, Municipal Advisors

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Compliance Resource
Publication date:
FAQs on the Series 54 Examination 
Information for:

Municipal Advisors

Rule Number:

Rule G-2, Rule G-3

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