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Date:

Contact: Jennifer A. Galloway, Chief Communications Officer
             (703) 797-6600
             jgalloway@msrb.org

MSRB ANNOUNCES REGULATORY TOPICS TO BE DISCUSSED AT UPCOMING BOARD MEETING

Alexandria, VA The Board of Directors of the Municipal Securities Rulemaking Board (MSRB) will meet October 29-31, 2014 where it will discuss the following rulemaking topics:

Pay-to-Play Rule for Municipal Advisors
The Board will discuss comment letters received on its draft amendments to MSRB Rule G-37 to address potential pay-to-play activities by municipal advisors.

Enhancements to Price Transparency
The Board will discuss comment letters received on potential enhancements to post-trade transaction data that would be disseminated through a new central transparency platform.

The Board will discuss the MSRB’s Long-Range Plan for Market Transparency Products and the phased development of a central transparency platform for the municipal market.

Asset-Backed Securities Disclosure
The Board will consider changes to the Facility for the Electronic Municipal Market Access (EMMA) system to reflect the new category of disclosure under Rule 15Ga-1 under the Securities and Exchange Act, on repurchases and replacements related to asset-backed securities.

This list is subject to change without notice. A summary of actions taken by the Board at the meeting will be sent to regulated entities and published on the MSRB's website following the meeting.


The Municipal Securities Rulemaking Board (MSRB) was established by Congress in 1975 with the mission to protect investors, issuers and the public interest and to promote efficiency, competition and capital formation. MSRB is a private, self-regulatory organization governed by an independent board of directors with market knowledge and expertise. MSRB does not receive federal appropriations and is funded primarily through fees paid by regulated entities. MSRB is overseen by Congress and the Securities and Exchange Commission.