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October 2022 MSRB Board of Directors Meeting Discussion Items

The Board of Directors of the Municipal Securities Rulemaking Board (MSRB) will meet in Washington, D.C. on October 26-27, 2022, where it will discuss the following topics:

Market Regulation

The Board will discuss the status of its ongoing retrospective rule reviews and rule modernization efforts. The Board will consider:

  • The scope of upcoming Form A-12 modernization efforts;
  • Authorizing a request for comment on a proposal to exempt a municipal advisor representative from the obligation to requalify by examination after a two-year lapse in association with a municipal advisor firm, subject to certain conditions; and
  • Extending COVID relief under MSRB Rule G-27, on supervision of dealers.

The Board also will receive an update on the MSRB’s proposal to amend Rule G-14 to require that, absent an exception, transactions be reported to the MSRB as soon as practicable, but no later than within one minute of the time of trade

Market Transparency

The Board will receive an update on ongoing work to modernize the Electronic Municipal Market Access (EMMA®) website and related market transparency systems.

Market Structure and Data

The Board will discuss market structure topics, including the potential collection of pre-trade municipal securities data.

Public Trust

In furtherance of its mission to create a more fair and efficient market, the Board will receive an update on a series of roundtable discussions with minority-, women- and veteran-owned firms the MSRB is hosting in collaboration with FINRA to identify opportunities to foster greater diversity, equity and inclusion in the municipal securities market.