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Expanded Compact
Number Name Status Rule Category Regulated Entity
Rule G-12 Uniform Practice
Dealers, Bank Dealers
Rule G-47 Time of Trade Disclosure
Fair Practice Dealers, Bank Dealers, Municipal Fund Securities
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-47
Last Updated: 03/03/2025
Time of Trade Disclosure

Rule Summary: Requires dealers to disclose to customers at or prior to the time of trade all material information known or available publicly through established industry sources.

Rule for:

Dealers, Bank Dealers, Municipal Fund Securities

Status:
Request for Comment (12/11/2024)
Concept Release: MSRB Requests Comment on Potential Modernization of Municipal Fund Securities Disclosure Obligations
View Notice
Guidance (03/03/2025)
Time of Trade Disclosures in Inter-Dealer Transactions
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