The BDA submitted a letter to the SEC on a proposed New Rule G-44, on supervisory and compliance obligations of municipal advisors; proposed amendments to Rule G-8, on books and records; and proposed amendments to Rule G-9, on preservation of records.
The final letter focuses on:
- A Request for Minimum Standards for all Municipal Advisors;
- The Importance of Self-Certification;
- Outsourcing of the CCO Function;
- Concerns with the Implementation Date.
You can view our final letter here.
You can view the MSRB’s submission of the proposed new rule to the SEC in the Federal Register here and BDA’s previous letter to the MSRB on the same topic here.