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

MSRB PROVIDES GUIDANCE TO MUNICIPAL ADVISORS ON CHANGES TO ITS REGISTRATION PROCESS  

Alexandria, VA – The Municipal Securities Rulemaking Board (MSRB) published guidance to assist municipal advisors with understanding changes to the MSRB’s registration process taking effect today. The guidance seeks to clarify that these changes are separate and apart from the Securities and Exchange Commission’s transition to a permanent registration regime for municipal advisors.

MSRB Rule A-12 was amended to consolidate registration requirements into a single rule and to create a simplified electronic registration form. Firms that are currently registered with the MSRB under the previous requirements must verify, update and complete their registration information in the new form by August 10, 2014. The MSRB’s guidance responds to frequently asked questions about the MSRB’s new registration process, which may be useful for both municipal advisors and municipal securities dealers.

The MSRB is also hosting an educational webinar to assist current registrants with submitting the new registration form. Learn more and register to attend the webinar.

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.

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