MSRB Monthly Update - September 2012

Municipal Securities Rulemaking Board sent this bulletin at 09/14/2012 10:11 AM EDT

The MSRB will host an educational webinar about the EMMA® Trade Monitor, a new tool that allows state and local governments to better evaluate trading activity and prices paid for bonds they issue. Learn more.

The MSRB and the Securities Industry and Financial Markets Association (SIFMA) will co-host a municipal securities regulation seminar for municipal market participants on October 2, 2012 in New York, New York. Learn more.

The MSRB and the Bond Dealers of America (BDA) will co-host a municipal securities regulation seminar for municipal market participants on October 11, 2012 in Chicago, Illinois. Learn more.

The MSRB regulates the daily underwriting, sales and trading activities of 1,785 municipal securities dealers. View a list of MSRB-registered dealers.

Highlights of the Month

MSRB Expands Online Toolkit for State and Local Governments

The MSRB added a number of key resources to its online "toolkit" of educational materials for state and local governments to help them improve their understanding of the municipal securities market. The additions to the toolkit include the EMMA® Trade Monitor, a new tool that enables state and local governments to export trade data from the Electronic Municipal Market Access (EMMA) website to a desktop application for analysis of secondary market bond trading activity.

Learn more.

MSRB's EMMA Website Spotlights 529 College Savings Plan Information

The MSRB has made it easier for families saving for future higher education expenses to find information about 529 college savings plans. A new interactive map accessible from the EMMA home page allows parents and others interested in learning about 529 college savings plans to more quickly and easily access this information by state.

Learn more.

New and Noteworthy

MSRB Begins Providing Data on New Issues of Municipal Securities

The MSRB has enhanced the market statistics available on its Electronic Municipal Market Access (EMMA®) website to include monthly data on new issuance of municipal securities as reported to the MSRB.

Learn more.

MSRB Makes Available Online Training Videos

The MSRB has made available free online training videos to assist municipal securities dealers and state and local governments in making primary market and continuing disclosure submissions to the Electronic Municipal Market Access (EMMA®) website.

Learn more or view online training.

EMMA Market Statistics

Municipal New Issuance Volume Up from 2011

New municipal securities issuance volume totaled nearly $290 billion in the first eight months of 2012. The majority, or 66 percent, of new issues sold during that period were for $10 million or less. New issuance increased by 66 percent, from $175 billion in the same period last year.

For new issuance and more information on municipal trading activity, continuing disclosures or variable rate resets, visit the MSRB’s EMMA website.

Regulatory Roundup

MSRB Files Amendments with SEC to Enhance Price Transparency for Large Trades (August 24, 2012)

MSRB Proposes Requiring Dealers to Disclose Additional Information Regarding Bond Ballot Contributions

(August 15, 2012)

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