Also In This Issue
Interpretation on the Application of Rules G-8, G-12 and G-14 to Specific Electronic Trading Systems
Interpretation on the Application of Rules G-8 and G-9 to Electronic Recordkeeping
Self-Monitoring of Rule G-14 Compliance Release of Monthly Statistical Summaries of Transactions in the Municipal Securities Market Financial Statements—Fiscal Years Ended September 30, 2000 and 1999
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MSRB’s New Address and Phone NumberOur two offices are now under a single roof in order to provide better service to brokers, dealers, municipal securities dealers and the industry. As of Monday, May 7, 2001, the MSRB is located at: 1900 Duke Street, Suite 600 The new telephone number is (703) 797-6600, and the new fax number is (703) 797-6700. The following MSRB forms have been revised to include the new address: Forms G-36(OS), G-36(ARD), G-37/G-38 and G-37x. These revised forms can be printed from the MSRB web site (www.msrb.org) under the link for MSRB Forms. In This IssueMSRB Discussion Paper on Disclosure in the Municipal Securities Market This paper reviews perspectives on disclosure by different market participants. It then describes the current state of disclosure in the primary and secondary municipal securities market, including what rules apply and how voluntary industry efforts are seeking improvements. Finally, the paper proposes certain MSRB disclosure initiatives. . Comments Requested The MSRB requests comments on a draft amendment to rule G-15, on confirmation, clearance and settlement of transactions with customers. The draft amendment, with limited exceptions, would require dealers to observe the minimum denominations specified in bond documents when effecting transactions with customers Comments Requested The MSRB requests comments on a draft amendment to rule G-15, on confirmation, clearance and settlement of transactions with customers. The draft amendment concerns “official communications” such as default notices that are sometimes sent to beneficial owners by issuers or trustees. The draft amendment would require dealers to take reasonable efforts to pass on such communications to beneficial owners when an appropriate request to do so is received. Amendments Approved: Rules D-12, A-13, G-3, G-8, G-14, G-15, G-26, G-32 and G-34 The Securities and Exchange Commission has approved a series of rule changes relating to municipal fund securities.
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