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Contact: Jennifer A. Galloway, Chief Communications Officer
               202-838-1500
               jgalloway@msrb.org

MSRB SEEKS INPUT ON COMPLIANCE SUPPORT

Washington, DC – The Municipal Securities Rulemaking Board (MSRB) is seeking public comment on its approach to enhancing compliance support, a long-term strategic priority for the organization. The MSRB’s request for comment invites regulated entities, other market stakeholders and the public to share their perspectives on how the MSRB can most effectively support understanding of its rules.

“The MSRB deeply values the varied perspectives of regulated entities and other stakeholders who work together to preserve the integrity of the municipal securities market,” said MSRB Executive Director Lynnette Kelly. “Public input on our compliance support initiative is another way to help us prioritize and focus our efforts on the areas where additional compliance support would be most effective for the overall fairness and efficiency of the market.”

The MSRB recently established a Compliance Advisory Group to provide additional input to the Board of Directors on its compliance priorities, centralized its growing library of compliance resources into an online Compliance Center and published information on the types of compliance assistance provided by the MSRB.

Today’s request for comment seeks to further leverage the experience and perspectives of regulated entities and other stakeholders as the MSRB prioritizes, develops and delivers additional compliance support in the coming months. Comments should be submitted to the MSRB by December 22, 2017.

“Our commitment to obtaining stakeholder input will continue throughout the year as we communicate about existing regulatory requirements, host and participate in industry events, and provide compliance tools and educational webinars,” Kelly said.

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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