MSRB Monthly Update - March 2012

Municipal Securities Rulemaking Board sent this bulletin at 03/09/2012 01:57 PM EST

The MSRB is hosting an education and outreach seminar in Chicago, Illinois on Wednesday, April 11, 2012.

The event will provide an opportunity for municipal market professionals to learn about MSRB initiatives and current rulemaking to protect investors and municipal entities.

The MSRB and the Bond Dealers of America are co-hosting a municipal securities regulation seminar for municipal market participants on Wednesday, May 2, 2012.

In 2011, a revenue bond from New York Liberty Development Corporation was the most frequently traded security with 8,371 trades.

Highlight of the Month

The MSRB has released a new edition of its Fact Book, an annual sourcebook that analyzes trading data, continuing disclosure submissions and other statistics for the $3.7 trillion municipal bond market. The 2011 Fact Book includes analysis on the 50 million trades that occurred in the municipal market over the last five years and provides key statistics unavailable elsewhere.

View the 2011 Fact Book.

New and Noteworthy

MSRB Introduces EMMA Mobile

The MSRB has introduced a mobile-friendly version of its Electronic Municipal Market Access (EMMA®) website that optimizes certain elements of the municipal bond disclosure site for mobile display. EMMA users accessing the site from a mobile phone will be redirected to EMMA Mobile but still have access to the full site. Read more.

MSRB Makes Trade Alerts Available

Investors and others now have the ability to be notified electronically when a specific bond trades in the municipal market. For investors who subscribe, the new trade alerts will provide an end-of-day email when a particular security trades and is published on EMMA. Read more.

MSRB Seeks Input on Fiscal Year 2013 Priorities

As the MSRB develops its priorities for fiscal year 2013, it is seeking feedback from market participants, other stakeholders and the general public to ensure that its planning activities include the broadest-possible array of input and information to help establish regulatory and other priorities. Read more.

MSRB's Long-Range Market Transparency Plan

The MSRB recently published its long-range market transparency plan to guide the evolution of its market transparency products. Included in the plan is a vision for an enhanced EMMA website as the central public dissemination hub supported by additional information, improved commercial dissemination of data and customized functionality.

The MSRB invites feedback on the plan to promote a collaborative, ongoing assessment. Read more.

Regulatory Roundup

MSRB Requests Comment on Proposed Rule Amendments and Interpretive Notice on Retail Order Periods (March 6, 2012)

MSRB Files Rule Proposal on Regulation of Broker's Brokers (March 5, 2012)

MSRB Requests Comment on a Concept Proposal for Electronic Dissemination of 529 College Savings Plan Disclosure Documents (March 1, 2012)

MSRB Seeks Input on Fiscal Year 2013 Priorities

(February 29, 2012)

MSRB Files Proposal to Amend SHORT System Subscription Service (February 27, 2012)

MSRB Files Proposal to Amend the Electronic Municipal Market Access Primary Market and Continuing Disclosure Subscription Services (February 27, 2012)

MSRB Publishes Long-Range Market Transparency Plan (February 23, 2012)

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