MSRB Finalizes Enhancements to EMMA Website

The MSRB finalized amendments to enhance the organization's Electronic Municipal Market Access ("EMMA") system to more prominently display certain financial disclosures and related information.

According to the MSRB, the amendments will:

  • automate the calculation and static display of the number of days between (i) the annual fiscal period end date and (ii) when an annual financial disclosure must be submitted to the EMMA system for that annual fiscal period (a/k/a the "Submission Calculator"); and

  • more clearly display annual financial disclosures and related information for issuers or obligated persons on the EMMA Portal.

The MSRB added that prior to the operative date, stakeholders will have the opportunity to preview the Submission Calculator, as well as to make recommendations on future educational initiatives.

The MSRB plans to announce an operative date for the final amendment by July 1, 2020.

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