The Municipal Securities Rulemaking Board (MSRB) today submitted a letter to the Securities and Exchange Commission (SEC) responding to issues raised by commenters about proposed MSRB Rule G-42, on duties of non-solicitor municipal advisors. Read the MSRB’s letter.
The MSRB also filed several clarifying and other minor amendments to the text of the proposed rule, which are explained in detail in the MSRB’s letter. View the amended rule language.
The amendments revise the MSRB’s April 2015 rule filing in which the MSRB sought approval from the SEC of new Rule G-42. The SEC has invited additional comment from interested parties on the proposed rule by September 11, 2015.