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

MSRB PROVIDES GUIDANCE TO MUNICIPAL ADVISORS ON CHANGES TO ITS REGISTRATION PROCESS  

Alexandria, VA – The Municipal Securities Rulemaking Board (MSRB) published guidance to assist municipal advisors with understanding changes to the MSRB’s registration process taking effect today. The guidance seeks to clarify that these changes are separate and apart from the Securities and Exchange Commission’s transition to a permanent registration regime for municipal advisors.

MSRB Rule A-12 was amended to consolidate registration requirements into a single rule and to create a simplified electronic registration form. Firms that are currently registered with the MSRB under the previous requirements must verify, update and complete their registration information in the new form by August 10, 2014. The MSRB’s guidance responds to frequently asked questions about the MSRB’s new registration process, which may be useful for both municipal advisors and municipal securities dealers.

The MSRB is also hosting an educational webinar to assist current registrants with submitting the new registration form. Learn more and register to attend the webinar.

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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