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Expanded Compact
Number Name Status Rule Category Regulated Entity
Rule G-31 Reciprocal Dealings with Municipal Securities Investment Companies Fair Practice Dealers, Bank Dealers
Rule G-47 Time of Trade Disclosure
Fair Practice Dealers, Bank Dealers, Municipal Fund Securities
Rule G-31
Last Updated: No amendment history
Reciprocal Dealings with Municipal Securities Investment Companies

Rule Summary: Prohibits the solicitation of transactions in municipal securities with or for an investment company account in return for sales by the dealer of shares or units in the investment company.

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 (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
View Guidance
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