MSRB Monthly Update: August 2015

August 2015

MSRB Commemorates 40th Anniversary with New Video

Video

The MSRB recently released a video to commemorate its 40th year of promoting a fair, transparent and efficient municipal securities market. The seven-minute video traces the history of the market and highlights the MSRB’s role in protecting the public interest in a well-functioning capital market that helps support the construction of bridges, schools and other public projects. It also explores the effects of the Dodd-Frank Wall Street Reform and Consumer Protection Act on the future of municipal market regulation. 


Watch the video.

Highlights from MSRB Board of Directors Meeting

In July, the MSRB Board of Directors met and discussed several rulemaking proposals and corporate matters in preparation for the start of the organization’s upcoming fiscal year. The Board discussed development of a new proposal on markup disclosure and plans to seek public comment on this and other alternative approaches to helping investors understand the transaction costs and pricing of a municipal bond trade. The Board also discussed measures to enhance regulatory efficiency and addressed the findings of a holistic review of fees on regulated entities, among other topics.

 

Read the full summary of the Board meeting.

Coming Soon: Guidance on Best Execution

G-18


The MSRB plans to provide guidance for dealers on the implementation of new Rule G-18, on best execution, in advance of the December 7, 2015 effective date.

MSRB Invites Comment on Creating Data Product for Academic Researchers

Calendar of Events

September 14, 2015 is the deadline to submit comments to the MSRB about the possible creation of a new trade data product for academic researchers.


Read the proposal. Click here to submit comments. 

Stay Tuned for More Information on the Series 50 Exam

Study Guide

The MSRB will announce via email when volunteers can sign up to take the pilot Municipal Advisor Representative Qualification Examination (Series 50). 

Recent Press Releases

Glossary

August 4, 2015: MSRB Announces New Officers and Board Members for Fiscal Year 2016


August 3, 2015: MSRB Holds Quarterly Meeting


July 29, 2015: MSRB Commemorates 40th Anniversary with New Video


July 16, 2015: MSRB Considers Creating Municipal Market Data Product for Academic Researchers


June 30, 2015: MSRB Extends Deadline for First Submissions of 529 College Savings Plan Data

June 29, 2015: MSRB and the Municipal Forum of New York to Host Education and Outreach Seminar in New York

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Survey



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Regulatory Roundup

July 31, 2015: MSRB Revises Content Outlines for its Professional Qualification Examinations for Municipal Securities Dealers


July 23, 2015: MSRB Documents System Hours in EMMA System, RTRS and SHORT System Information Facilities 

July 23, 2015: Proposed Rule Change Consisting of Revisions to the Electronic Municipal Market Access System, the Real-time Transaction Reporting System and the Short-Term Obligation Rate Transparency System

 

July 16, 2015: Request for Comment on Establishment of an Academic Historical Trade Data Product


June 30, 2015: MSRB to Extend Due Date for First Submissions Under MSRB Rule G-45, Reporting of Information on Municipal Fund Securities

 

June 30, 2015: Proposed Rule Change Consisting of an Amendment to MSRB Rule G-45, on Reporting of Information on Municipal Fund Securities