MSRB Proposes Board Membership Amendments

MSRB proposed amendments to Rule A-3, which concerns MSRB Board membership, were published for comment in the Federal Register.

The MSRB-proposed amendments would (i) lengthen the term of MSRB members' service, (ii) change the number and size of MSRB classes, (iii) limit the number of consecutive terms for which an MSRB member can serve, (iv) eliminate the requirement for at least one municipal advisor representative per class that is not associated with a dealer, (v) delete an obsolete transition provision, and (vi) provide a technical update to the name of an MSRB committee.