MSRB to Accept Additional Board Applications for Specific Categories

Date: July 9, 2018

Contact: Jennifer A. Galloway, Chief Communications Officer
               202-838-1500
               jgalloway@msrb.org

MSRB TO ACCEPT ADDITIONAL BOARD APPLICATIONS FOR SPECIFIC CATEGORIES

Washington, DC – The Municipal Securities Rulemaking Board (MSRB), the self-regulatory organization that oversees the $3.8 trillion municipal securities market, announced today that from July 9-13, 2018, it will accept additional applications for its Board of Directors specifically from institutional and retail investors in municipal securities, and members of the public with knowledge of or experience in the municipal industry. Applications from other categories of applicants, including representatives of municipal entities and MSRB regulated firms are not requested at this time.

Earlier this year the MSRB solicited Board applicants for terms that begin October 1, 2018 and the Board continues to evaluate all candidates. The MSRB is seeking five individuals knowledgeable about the municipal market to serve four-year terms on the Board as it oversees strategic objectives that include facilitating regulatory compliance by providing guidance, clarification and education, and further evolving the MSRB’s Electronic Municipal Market Access (EMMA®) website — a vital tool used by market participants to monitor municipal security trade price and disclosure information — into a comprehensive transparency platform that meets the needs of municipal market participants and the public.

MSRB Rule A-3 outlines requirements for all applicants to the Board, including specific eligibility requirements to serve as a public Board member. Individuals interested in serving as a public representative are asked to contact Mallory Bucher, Manager, Corporate Governance and Board Administration, at 202-838-1349 or at mbucher@msrb.org in advance of applying to confirm eligibility. Public representatives must be independent of any municipal securities broker, municipal securities dealer or municipal advisor, including having no material compensatory business relationship with any such entity. As always, qualified candidates representing the diversity of the municipal market are encouraged to apply.

To be considered for a position on the MSRB Board of Directors, please ensure that the application qualifies as (1) an institutional or retail investor in municipal securities or (2) a member of the public with knowledge of or experience in the municipal industry, and apply through the MSRB Board of Directors Application Portal, which will open July 9, 2018. The portal will close at 5:00 p.m. ET on July 13, 2018. Questions can be directed to 202-838-1349 or mbucher@msrb.org.

The MSRB protects investors, state and local governments and other municipal entities, and the public interest by promoting a fair and efficient municipal securities market. The MSRB fulfills this mission by regulating the municipal securities firms, banks and municipal advisors that engage in municipal securities and advisory activities. To further protect market participants, the MSRB provides market transparency through its Electronic Municipal Market Access (EMMA®) website, the official repository for information on all municipal bonds. The MSRB also serves as an objective resource on the municipal market, conducts extensive education and outreach to market stakeholders, and provides market leadership on key issues. The MSRB is a Congressionally-chartered, self-regulatory organization governed by a 21-member board of directors that has a majority of public members, in addition to representatives of regulated entities. The MSRB is subject to oversight by the Securities and Exchange Commission.