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


MUNICIPAL SECURITIES RULEMAKING BOARD ANNOUNCES
WEBINARS ON EMMA'S PRIMARY MARKET DISCLOSURE SERVICE

Alexandria, VA - The Municipal Securities Rulemaking Board (MSRB) today announced a series of webinars in connection with the upcoming primary market disclosure service of the MSRB's Electronic Municipal Market Access (EMMA) system.  The webinars, which will be held beginning May 18, 2009 and continuing through May 28, 2009, will provide an overview of the submission process for the primary market disclosure service on EMMA. A later series of webinars will cover the submission process for 529 plan documents and advance refunding documents.

The MSRB expects the Securities and Exchange Commission to approve in the near future changes to MSRB rules on delivery of official statements related to new municipal bond offerings.  The MSRB has requested amendments to MSRB Rule G-32 to provide for the all-electronic submission of data and disclosure documents to the MSRB's EMMA system. The SEC is expected to approve replacing MSRB Rule G-36 on delivery of primary market disclosure documents, its related MSRB Form G-36 and MSRB's current electronic official statement (e-OS) system with revised MSRB Rule G-32 and Form G-32.

Four webinars for dealers on submitting primary market disclosure documents to EMMA are offered. Each webinar will last approximately one hour. Pre-registration is required and must be completed via the links below. There is no charge to attend.

Sessions
May 18, 2009 11:00 am ET.  To register, click
here
May 20, 2009 11:00 am ET.  To register, click here
May 26, 2009 2:00 pm ET.  To register, click here
May 28, 2009 2:00 pm ET.  To register, click here

After registering, you will receive a confirmation email with a link to join the webinar session at its respective time.  Please click on the link approximately ten minutes before the session start time.  You will be directed to download the GoTo Webinar manager, and will then be given a Dial in Number, Access Code, and Audio PIN.  Please make sure to enter the Audio PIN so that you may be granted speaking privileges.  All attendees will automatically be muted upon entering the session.  If you would like to ask a question, please click on the hand tool to raise your hand.  The presenter will recognize your request and un-mute you to ask a question.  Due to the large volume of attendees, we are only able to un-mute 25 attendees at a time.  Please click on the hand tool to lower your hand if your question has already been answered. 

If you have any questions about connecting to GoTo Webinar, please contact Tina Hanachi, at 703-797-6600, or call GoTo Webinar technical support at 1-800-263-6317.

Questions about the topics covered at the conference calls may be directed to a Transaction Reporting Assistant at 703-797-6668.


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.