Information Facilities

EMMA Facility
The Electronic Municipal Market Access system (EMMA) is a facility of the Municipal Securities Rulemaking Board for the collection and dissemination of municipal securities disclosure documents and related information. The EMMA Facility provides for a website, at www.emma.msrb.org, that provides free public access to disclosures and transparency information for municipal securities. Such documents and information also are available by paid subscription.

EMMA replaced the MSRB’s MSIL Facility in 2009, which previously served as the submission venue for official statements and continuing disclosures, and continues to operate in support of certain MSRB internal functions.

SHORT Facility
The Short-term Obligation Rate Transparency (SHORT) System is a facility of the Municipal Securities Rulemaking Board for the collection and dissemination of information about and documents related to securities bearing interest at short-term rates. Such information is made available to the public, at no charge, on the EMMA website or by paid subscription.

RTRS Facility This facility will be amended effective May 23, 2016. See Notice 2015-07 (May 26, 2015).
The Real-time Transaction Reporting System (RTRS) is a facility for the collection and dissemination of information about transactions in the municipal securities effected by brokers, dealers and municipal securities dealers. Such information is made available to the public, at no charge, on the EMMA website or by paid subscription.