Responsibly Managing Reserves and Revenues

The MSRB remains highly attuned to concerns of regulated entities about organizational financial reserve levels. In response, the Board and management has developed a long-term strategy to responsibly reduce reserves that includes a deficit budget in fiscal year 2019, with no increases in spending and a reduction in headcount. Strict management of operational expenses will be accompanied by temporary relief for regulated entities through a three-month reduction in the assessment rate for underwriting, transaction and technology fees for activity from October-December 2018. The MSRB will continue to evaluate its data subscription pricing model as we explore diversifying funding sources and promote the organization’s financial sustainability.  


MSRB Budget Summary