The Municipal Securities Rulemaking Board (MSRB) received approval from the Securities and Exchange Commission (SEC) to create the first new rule for municipal advisors since the SEC released its final registration rule for these professionals in September 2013. New MSRB Rule G-44 establishes baseline supervisory and compliance obligations for municipal advisors. View the SEC approval order.
The new supervision requirements take effect April 23, 2015. The MSRB will announce details of a webinar on the key provisions in advance of the effective date.