SIFMA Submits Comments to the MSRB on MSRB's Review of Rules and Interpretive Guidance
SIFMA has submitted a comment letter to the MSRB regarding the MSRB's initiative to review its rules and interpretive guidance. SIFMA commended the MSRB for proactively soliciting comments to determine whether any rules or guidance should be revised or restated due to changes in market practices or conditions, or to be more closely aligned with the rules of other self-regulatory organizations or government agencies so as to promote more effective and efficient compliance. SIFMA's comments cover:
- Guiding themes that should direct MSRB rulemaking; and
- Specific suggestions to revise specific rules due to changed market practices, or to promote greater efficiencies. (These suggestions are set out in the Appendix to the letter starting on page 7.)
Click here to view letter in full (links externally to SIFMA website).See also: MSRB Notice 2012-63Related News Item: MSRB Undertakes Broad Rules Review and Asks Public to Recommend Changes to Municipal Market Regulations (with Lofchie Comment) (December 18, 2012).