Archived Regulatory Notices 1999

Archive 1999

Notice:December 29, 1999

The Securities and Exchange Commission has approved a service to provide a daily public report containing information on individual transactions in frequently traded securities. To obtain a subscription to the new service, it will be necessary to sign a subscription agreement, but there will be no fee.

Notice:December 9, 1999

The Securities and Exchange Commission has approved amendments to rules G-38, G-37 and G-8 requiring dealers to obtain from their consultants information on political contributions and payments to political parties and for dealers to report such information to the Board. The amendments will become effective on April 1, 2000.

Notice:December 9, 1999

The MSRB has filed with the SEC an amendment to rule G-36(c)(i) relating to official statements prepared in connection with most primary offerings exempt from Exchange Act Rule 15c2-12.

Notice: October 20, 1999

The SEC has approved an amendment to rule G-16, on periodic compliance examination.

Notice: September 10, 1999

The Board is announcing the election of its Chairman and Vice Chairman for its 2000 fiscal year.

Notice: September 3, 1999

The Board plans to offer a new Daily Transaction Report, containing detailed information on individual transactions in frequently traded municipal securities reported to the Board by dealers under Board rule G-14.

Notice:August 27, 1999

Notice on Municipal Fund Securities -- The Board is requesting further comments on revised draft rule changes relating to municipal fund securities. Comments are due by November 1, 1999.

Notice:August 26, 1999

The Board has filed additional amendments to the pending amendments at the Securities and Exchange Commission concerning the disclosure of consultants' contributions.

Notice:August 13, 1999

The Board has filed with the SEC an amendment to rule G-16, on periodic compliance examination. Rule G-16 sets forth the timing of examinations of dealers for compliance with Board rules. The proposed amendment revises the 24-month examination requirement in rule G-16 to a two calendar year requirement.

Notice:July   15, 1999

The Board is publishing a notice regarding data derived from Forms G-36(OS) received by the Board in 1998. The notice discusses the timeliness of issuer deliveries of official statements to underwriters and of dealer deliveries to customers and the Board. In addition, the notice requests comments on a draft amendment to rule G-36(c)(i) and on possible alternatives to the current system of dealer dissemination of official statements. Comments are due by September 30, 1999.

Notice:July   15, 1999

The Board Will Host Forums on Land-Secured Disclosure in Washington, D.C., Houston, Texas and Costa Mesa, California.

Notice:June 9, 1999

The Board has filed with the Securities and Exchange Commission a proposed rule change to revise the test specifications and the study outline for the Board's Municipal Securities Representative Qualification Examination

Notice:May 28, 1999

The Board has filed with the SEC a series of technical amendments to rules A-3, A-5, A-7, A-11 through A-15, A-17, D-5, G-1 through G-3, G-5 through G-9, G-11 through G-16, G-18, G-20, G-23, G-27, G-28, G-32, G-34, G-36, G-37 and G-39. The technical amendments become operative on July 1, 1999.

Notice:May 20, 1999

Today the MSRB and the National Council of State Housing Agencies are announcing the implementation of a test program for the electronic submission and dissemination of continuing disclosure information, including quarterly financial information.

Amendment Approved:May 10, 1999

On May 7, 1999, the Securities and Exchange Commission approved an amendment to rule G-15(d)(ii) that allows dealers to comply with the rule by using the services of "qualified vendors" for confirmation/acknowledgment of DVP/RVP customer transactions.

Amendment Approved:April 30, 1999

The SEC has approved an amendment to rule G-11 concerning the disclosure of designation information to syndicate members.

Notice:April 22, 1999

The Board is publishing a notice that reviews the importance of timely dissemination of information on advance refunded securities.

Notice:April 20, 1999

The Board has filed with the Securities and Exchange Commission an amendment to its proposed rule change on rule G-15(d)(ii) on automated confirmation/acknowledgment of customer transactions

Notice:April 19, 1999

The Board is publishing a notice requesting comment on draft amendments to the proposals pending at the Securities and Exchange Commission concerning the disclosure of consultants' contributions pursuant to rule G-38, on consultants. Comments on the draft amendments should be submitted to the Board no later than May 28, 1999.

Notice: April 15, 1999

Customer Transaction Reporting Reminder on Transactions with Issuers and New Error Codes

Notice: March 31, 1999

On March 26, 1999, the SEC approved amendments to rule G-23 concerning financial advisors who wish to act as remarketing agents for issues on which they advised the issuer.

Notice: March 23, 1999

The Board has released a notice regarding the application of rule G-37 to Presidential campaigns of issuer officials. The notice was published in response to a number of inquiries received by the Board in recent weeks.

Notice: March 17, 1999

The Board is requesting comments regarding the application of existing Board rules and certain draft rule changes relating to municipal fund securities.

Notice: March 11, 1999

The Board has filed with the SEC an amendment to clarify a previous amendment to rule G-11(g)(iii) concerning the disclosure of designation information to syndicate members.

Notice: March 4, 1999

The Board is publishing a fourth Question and Answer notice on rule G-38, on consultants, to address the application of rule G-38 to instances in which dealers have entered into agreements to jointly seek underwriting assignments.

Notice: February 9, 1999

The SEC has approved amendments to exempt certain dealers from disclosure and recordkeeping requirements relating to political contributions and municipal securities business - Rules G-37, G-8, G-9 and G-38.

Press Release: January 29, 1999

Release Regarding the Land-Secured Financing Steering Committee.

Notice: January 29, 1999

MSRB Rule Book Available in February.

Press Release: January 25, 1999

The Board has issued a press release for the Health Care Financing Steering Committee.

Notice: January 14, 1999

The Board has filed with the Securities and Exchange Commission a proposed amendment to previously filed amendments to rule G-23, on activities of financial advisors. The proposed amendments to rule G-23 concern financial advisors who wish to act as remarketing agents for issues on which they advised the issuer.

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