Click to see Rules that have recent rulemaking activity or compliance resources:

Rules with Recent

Expanded Compact
Number Name Status Rule Category Regulated Entity
Rule G-13 Quotations Relating to Municipal Securities Fair Practice Dealers, Bank Dealers
Rule G-47 Time of Trade Disclosure
Fair Practice Dealers, Bank Dealers, Municipal Fund Securities
Rule G-13
Last Updated: 06/15/1999
Quotations Relating to Municipal Securities

Rule Summary: Requires quotations distributed or published by a dealer to represent bona fide bids or offers of municipal securities, based upon the dealer’s best judgment of the fair market value of the securities, and prohibits misrepresentation of another dealer’s quotations.

Rule for:

Dealers, Bank Dealers

Status:
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
Concept Release: MSRB Requests Comment on Potential Modernization of Municipal Fund Securities Disclosure Obligations
View Notice
Guidance
Time of Trade Disclosures in Inter-Dealer Transactions
View Guidance
SEC Filing
Proposed Rule Change to Amend MSRB Rule G-47, on Time of Trade Disclosure, to Codify and Retire Certain Existing Interpretive Guidance and Add New Time of Trade Disclosure Scenarios
View SEC Filing
Notice
SEC Approves Amendments to Rule G-47 to Add Three New Time of Trade Disclosure Scenarios, Codify and Consolidate Existing Guidance, Delete Certain Guidance, and Make Technical Amendments
View Notice
Print