Review and Approval of Transactions
Review and approval of transactions. This is in response to your letter in which you ask several questions concerning Board rules.
[One paragraph deleted.][*]
With respect to your second question, someone qualified as both a municipal securities representative and as a municipal securities principal may review and approve his or her own transactions effected in the capacity as a representative.
With respect to your final question, rule G-27(c)(vii)(B), on supervision, requires the prompt review and written approval by a designated principal of each transaction in municipal securities on a daily basis. MSRB interpretation of June 20, 1994.
[*] [The deleted paragraph concerned an unrelated question regarding a different Board rule and appears elsewhere in the MSRB Rule Book.]