Notices

Regulatory Notices

MSRB regulatory notices keep market participants informed of regulatory changes and provide guidance on the application of existing rules.

Sign up for Email Alerts Sign up to receive emails about regulatory notices.

Please visit Requests for Comment page to submit comments.
Title Stakeholders Publication Date Notice Number Rule Number Notice Type
MSRB to Host Outreach Seminar in Austin, Texas 1/04/2011 2011-01 Regulatory Announcement
MSRB Announces Gateway Registration and Account Management Webinars 1/05/2011 2011-02 Regulatory Announcement
MSRB Announces Primary Market Submission Service Webinars 1/12/2011 2011-03 Regulatory Announcement
Candidates Requested For MSRB Board of Directors 1/18/2011 2011-05 Regulatory Announcement
MSRB Files with the SEC Rule Changes to Establish Term and Composition of Next Board Class 1/25/2011 2011-06 Rule A-3 Regulatory Announcement
SEC Approves Amendments to Rule A-3(c) to Establish New Nominating and Governance Committee 2/02/2011 2011-07 Rule A-3 Regulatory Announcement
Reminder of February 14 Effective Date for Amendments to Rule G-32 Related to Submission of Information About Continuing Disclosure Undertakings 2/07/2011 2011-08 Rule G-32 Regulatory Announcement
Amendments to Rules G-8 and G-34 to Increase Transparency of Municipal Variable Rate Securities Effective May 16, 2011 2/08/2011 2011-09 Rule G-8 , Rule G-34 Regulatory Announcement
Proposed Rule Amendments and Interpretive Notice Filed Regarding Rule G-23 on Activities of Financial Advisors 2/09/2011 2011-10 Rule G-23 Regulatory Announcement
MSRB Files Proposal to Amend SHORT System Subscription Service 2/10/2011 2011-11 Rule G-34 Regulatory Announcement
MSRB Files Amendments to Rule A-15 Relating to Notification to Board of Change in Status or Change of Name and Address 2/14/2011 2011-15 Rule A-12 Regulatory Announcement
Notice on Upcoming Changes to Rule G-34(c) to Require Dealer Submission of ARS and VRDO Documents to the SHORT System 2/23/2011 2011-17 Rule G-34 Regulatory Announcement
MSRB and BDA to Co-Host Municipal Securities Regulation Seminar in Minneapolis 3/15/2011 2011-19 Regulatory Announcement
EMMA Enhancements on Voluntary Issuer Submissions Effective May 23, 2011 3/23/2011 2011-20 Regulatory Announcement
SEC Approves Amendments to SHORT System Subscription Service 4/11/2011 2011-21 Regulatory Announcement
MSRB Hosts Webinars on Expanded EMMA Features 4/14/2011 2011-22 Regulatory Announcement
MSRB Reminds Dealers of May 16, 2011 Effective Date of Changes to Rule G-8 and Rule G-34 and Announces Training Webinars 4/21/2011 2011-23 Regulatory Announcement
MSRB Announces Education and Outreach Seminar in Atlanta, Georgia 4/22/2011 2011-24 Regulatory Announcement
Fee Change for Historical Transaction Data Product 4/27/2011 2011-25 Regulatory Announcement
Changes to MSRB Rules G-8 and G-34 to Increase Transparency of Municipal Variable Rate Securities Effective May 16, 2011 5/16/2011 2011-26 Rule G-8 , Rule G-34 Regulatory Announcement
EMMA Enhancements Providing for Additional Voluntary Submissions by Issuers and Obligated Persons Effective May 23, 2011 5/23/2011 2011-27 Regulatory Announcement
Securities and Exchange Commission Approves Amendments to MSRB Rule G-23 Relating to the Activities of Financial Advisors 5/31/2011 2011-29 Rule G-23 Regulatory Announcement
MSRB Announces Education and Outreach Seminar in Denver, Colorado 6/16/2011 2011-30 Regulatory Announcement
MSRB Files Revised Series 51 Study Outline 6/21/2011 2011-31 Regulatory Announcement
MSRB Expresses Concern Regarding Activities of Unregistered Municipal Advisors 7/05/2011 2011-32 Regulatory Announcement
MSRB and BDA to Co-Host Municipal Securities Regulation Seminar in Denver 7/30/2011 2011-35 Regulatory Announcement
Interpretive Guidance Concerning the Application of MSRB Rule G-17 to Underwriters of Municipal Securities 8/02/2011 2011-36 Rule G-17 Regulatory Announcement
Financial Advisors, Private Placements, and Bank Loans 8/03/2011 2011-37 Regulatory Announcement
Amendments Filed Regarding MSRB Rule G-20 on Gifts and Gratuities 8/04/2011 2011-38 Rule G-8 , Rule G-9 , Rule G-20 Regulatory Announcement
MSRB and SIFMA to Co-Host Municipal Securities Regulation Seminar in New York 8/08/2011 2011-39 Regulatory Announcement
MSRB Advises Dealers on Certain Obligations in Light of Potential Municipal Ratings Actions 8/08/2011 2011-40 Rule G-17 , Rule G-30 Regulatory Announcement
MSRB Files with the SEC Amendments to Rule A-3 to Establish a Permanent Board Structure 8/11/2011 2011-43 Rule A-3 Regulatory Announcement
Rule G-34(c) ARS and VRDO Data Element Clarification and Reminder of Timeliness and Accuracy Requirement 8/12/2011 2011-44 Rule G-34 Regulatory Announcement
MSRB to Provide Written Verification of Municipal Advisor and Dealer Registration Status 8/15/2011 2011-45 Regulatory Announcement
MSRB Files Pay to Play Rule for Municipal Advisors and Changes to Dealer Pay to Play Rule 8/19/2011 2011-46 Rule G-8 , Rule G-9 Regulatory Announcement
MSRB Files Rule G-44 (On Supervision of Municipal Advisory Activities) and Associated Amendments to Rule G-8 (On Books and Records) and G-9 (On Preservation of Records) 8/22/2011 2011-47 Regulatory Announcement
MSRB Files Municipal Advisor Fiduciary Duty Rule and Interpretive Notice 8/23/2011 2011-48 Regulatory Announcement
MSRB Files Interpretive Notice Concerning the Application of MSRB Rule G-17 to Municipal Advisors Advising Obligated Persons or Soliciting Municipal Entities on Behalf of Others 8/24/2011 2011-49 Rule G-17 Regulatory Announcement
MSRB Withdraws Pending Municipal Advisor Rule Proposals 9/12/2011 2011-51 Regulatory Announcement
Potential Applicability of MSRB Rules to Certain “Direct Purchases” and “Bank Loans” 9/12/2011 2011-52 Regulatory Announcement
MSRB Files Proposed Rule Change with SEC to Extend the Effective Date of Amendments to EMMA to Provide Credit Ratings and Related Information for Municipal Securities on EMMA 9/12/2011 2011-53 Regulatory Announcement
Rule Changes Filed With SEC Regarding Qualification as a Municipal Securities Representative and Information Concerning Associated Persons 9/13/2011 2011-54 Rule G-3 , Rule G-7 Regulatory Announcement
Reminder of September 22, 2011 Deadline in Rule G-34(c) for Dealer Submission of ARS and VRDO Documents to the SHORT System 9/15/2011 2011-55 Rule G-34 Regulatory Announcement
Reminder Regarding the Application of Rule G-37 to Federal Election Campaigns of Issuer Officials 9/28/2011 2011-56 Rule G-37 Interpretive Notice
SEC Approves MSRB Proposal Regarding Board Composition; Changes Filed to Articles of Incorporation 10/03/2011 2011-57 Regulatory Announcement
Notice of Publication of an MSRB Systems Holiday Schedule and Reminder of Procedures for Submission of Information Under MSRB Rules Surrounding Non-Business Days (Rules G-14, G-32 and G-34) 10/04/2011 2011-58 Rule G-14 , Rule G-32 , Rule G-34 Regulatory Announcement
MSRB to Host Education and Outreach Seminar in New York 10/05/2011 2011-59 Regulatory Announcement
MSRB Files with the SEC Amendments to Rule G-16 to Facilitate Risk-based Compliance Exams and to Rule G-9, on Preservation of Records 10/13/2011 2011-60 Rule G-9 , Rule G-16 Regulatory Announcement
MSRB Amends Proposal on Interpretive Notice Concerning the Application of MSRB Rule G-17 to Underwriters of Municipal Securities 11/03/2011 2011-61 Rule G-17 Regulatory Announcement
Changes to Registration of Municipal Securities Professionals and Reminder of Supervisory Obligations of Principals 11/07/2011 2011-62 Rule G-3 , Rule G-27 Regulatory Announcement
Amendments to EMMA to Provide Credit Ratings and Related Information for Municipal Securities on EMMA Effective November 21, 2011 11/14/2011 2011-64 Regulatory Announcement
Reminder of Upcoming Effective Date of Revised MSRB Rule G-23 Concerning the Activities of Financial Advisors 11/18/2011 2011-65 Rule G-23 Regulatory Announcement
Reminder that Revised MSRB Rule G-23 Concerning the Activities of Financial Advisors Becomes Effective Today 11/28/2011 2011-66 Rule G-23 Regulatory Announcement
MSRB Answers Frequently Asked Questions Regarding Dealer Disclosure Obligations Under MSRB Rule G-17 11/30/2011 2011-67 Rule G-17 Regulatory Announcement
MSRB to Host Education and Outreach Seminar in Miami 12/05/2011 2011-68 Regulatory Announcement
SEC Approves Amendments to MSRB Rule G-16 to Facilitate Risk-Based Compliance Examinations and Amendments to MSRB Rule G-9, on Preservation of Records 12/19/2011 2011-69 Regulatory Announcement
Request for Comment on Pay to Play Rule (Rule G-42) for Municipal Advisors
> Any available comments may be viewed here.
1/14/2011 2011-04 Rule G-8 , Rule G-9 , Rule G-37 , Rule G-38 Request for Comment
Request for Comment on Draft Interpretive Notice Concerning the Application of MSRB Rule G-17 to Underwriters of Municipal Securities
> Any available comments may be viewed here.
2/14/2011 2011-12 Rule G-17 Request for Comment
Request for Comment on Draft Interpretive Notice Concerning the Application of MSRB Rule G-17 to Municipal Advisors
> Any available comments may be viewed here.
2/14/2011 2011-13 Rule G-17 Request for Comment
Request for Comment on Draft MSRB Rule G-36 (on Fiduciary Duty of Municipal Advisors) and Draft Interpretive Notice
> Any available comments may be viewed here.
2/14/2011 2011-14 Request for Comment
Request for Comment on Gifts and Gratuities Rule for Municipal Advisors
> Any available comments may be viewed here.
2/22/2011 2011-16 Rule G-8 , Rule G-9 , Rule G-20 Request for Comment
Request for Comment on Draft Broker’s Brokers Rule (Rule G-43) and Associated Recordkeeping and Transaction Amendments
> Any available comments may be viewed here.
2/24/2011 2011-18 Rule G-8 , Rule G-9 , Rule G-18 Request for Comment
Request for Comment on Draft Rule G-44 (On Supervision of Municipal Advisory Activities) and Associated Amendments to Rules G-8 (On Books and Records) and G-9 (On Preservation of Records)
> Any available comments may be viewed here.
5/25/2011 2011-28 Rule G-8 , Rule G-9 Request for Comment
Request for Comment on Plan to Collect Information on 529 College Savings Plans
> Any available comments may be viewed here.
7/19/2011 2011-33 Request for Comment
MSRB Files Proposal to Establish Interim Municipal Advisor Assessment and Seeks Comment on Draft Municipal Advisor Survey
> Any available comments may be viewed here.
7/26/2011 2011-34 Rule A-11 Request for Comment
Request for Comment on Draft Amendments to MSRB Rule G-21 (on Advertising) and Draft Interpretive Notice Concerning the Application of MSRB Rule G-17 (on Fair Dealing) to Certain Communications
> Any available comments may be viewed here.
8/10/2011 2011-41 Rule G-9 , Rule G-17 , Rule G-21 Request for Comment
Request for Comment on Draft Rule G-46 (on Activities of Municipal Advisors)
> Any available comments may be viewed here.
8/10/2011 2011-42 Request for Comment
Request for Comment on Revised Draft Rule G-43 (On Broker’s Brokers), Associated Revised Draft Amendments to Rule G-8 (On Books and Records) and Rule G-9 (On Preservation of Records), and Draft Interpretive Notice on the Obligations of Dealers that Use the Services of Broker’s Brokers
> Any available comments may be viewed here.
9/08/2011 2011-50 Rule G-8 , Rule G-9 Request for Comment
Request for Comment on Restated Sophisticated Municipal Market Professional Notice
> Any available comments may be viewed here.
11/08/2011 2011-63 Rule G-13 , Rule G-17 , Rule G-18 , Rule G-19 Request for Comment