As part of its mission to promote a fair and efficient market, the MSRB creates and maintains industry rules for municipal securities dealers and municipal advisors.
Market participants and the public can provide input on MSRB rules as they are developed for consideration by the Securities and Exchange Commission (SEC). Click the boxes below to view current and past MSRB rulemaking activity at key stages in the rulemaking process.
The MSRB solicits public comment on draft rule proposals and concept releases.
MSRB now accepting public comments.
The MSRB files proposed changes to its rules with the SEC.
SEC now accepting public comments.
The SEC approves additions or changes to MSRB rules, which are announced in a regulatory notice.
MSRB rules typically go into effect at a specified future date.