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Rules with Recent

Expanded Compact
Number Name Status Rule Category Regulated Entity
Rule G-12 Uniform Practice
Dealers, Bank Dealers
Rule G-25 Improper Use of Assets Fair Practice Dealers, Bank Dealers
Rule D-15 Sophisticated Municipal Market Professional Dealers, Bank Dealers
Rule G-12
Last Updated: 10/01/2025
Uniform Practice

Rule Summary: Establishes uniform industry practices for the processing, clearance and settlement of transactions between dealers in municipal securities.

Rule for:

Dealers, Bank Dealers

Status:
SEC Filing (06/10/2025)
Proposed Rule Change to Amend Rule G-14 RTRS Procedures under MSRB Rule G-14 Regarding the Timing of Reporting Transactions in Municipal Securities to the MSRB and to Make a Related Amendment to Rule G-12
View SEC Filing
Notice (09/17/2025)
SEC Approves Amendments to MSRB Rule G-14 on Reporting of Transaction Prices
View Notice
Rule G-25
Last Updated: 09/19/1983
Improper Use of Assets

Rule Summary: Prohibits dealers from improperly using municipal securities or funds held on behalf of another person, guaranteeing customers against loss in customer accounts and transactions, and sharing in profits and losses of customer accounts and transactions by any dealer.

Rule for:

Dealers, Bank Dealers

Status:
Rule D-15
Last Updated: No amendment history
Sophisticated Municipal Market Professional
Rule for:

Dealers, Bank Dealers

Status:
Request for Comment (11/03/2025)
Request for Comment on MSRB Rule D-15 Defining the Term Sophisticated Municipal Market Professional
View Notice
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