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

MSRB REQUESTS COMMENT ON CONSOLIDATED REGISTRATION RULE 

Alexandria, VA – The Municipal Securities Rulemaking Board (MSRB) is requesting comment on a proposal to consolidate its multiple registration requirements and forms for municipal securities dealers and municipal advisors.

MSRB rules require firms under its regulatory jurisdiction to register with the MSRB and provide certain identifying and contact information before engaging in municipal securities and advisory activities. As part of its ongoing effort to streamline existing rules, the MSRB proposes consolidating all registration requirements into a single Rule A-12 and electronic registration Form A-12.

The MSRB proposal simplifies the registration process to make it easier for municipal securities dealers and municipal advisors to identify, understand and comply with MSRB registration requirements. The proposal also improves the efficiency with which the MSRB collects necessary information about regulated entities.

Comments should be submitted to the MSRB no later than September 20, 2013.

The Municipal Securities Rulemaking Board (MSRB) protects and strengthens the municipal bond market, enabling access to capital, economic growth, and societal progress in tens of thousands of communities across the country. The MSRB fulfills this mission by creating trust in our market through informed regulation of dealers and municipal advisors that protects investors, issuers and the public interest; building technology systems that power our market and provide transparency for issuers, institutions, and the investing public; and serving as the steward of market data that empowers better decisions and fuels innovation for the future. The MSRB is a self-regulatory organization governed by a board of directors that has a majority of public members, in addition to representatives of regulated entities. The MSRB is overseen by the Securities and Exchange Commission and Congress.

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