Reminder of December 1, 2009 Effective Date of Amendments to Rule A-13 on Underwriting Assessments

The MSRB reminds brokers, dealers and municipal securities dealers (collectively “dealers”) of the December 1, 2009 effective date of changes to MSRB Rule A-13 on underwriting assessments, and Rule G-32, on disclosures in connection with primary offerings.  The rule change, which eliminates certain exemptions in Rule A-13 pertaining to underwriting assessments for primary offerings, applies to primary offerings of municipal securities for which submission of Form G-32 under MSRB Rule G-32(b)(i)(A) is initiated on or after today.  Information about the rule change can be found in MSRB Notice 2009-56. 

Questions about the amendments should be directed to Lawrence P. Sandor, Senior Associate General Counsel at (703) 797-6600.