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SIFMA Issues New "Model" Forms for Non-Solicitor Municipal Advisors

SIFMA issued a "suite of model documents" to help non-solicitor municipal advisors comply with their duties under new MSRB Rule G-42. Rule G-42 will be implemented on June 23, 2016. Feedback may be submitted to SIFMA through May 31, 2016.

The suite of documents includes:

  • a municipal advisor engagement letter form,

  • a disclosure statement of municipal advisor form,

  • a disclosure letter for existing municipal advisor agreement form, and

  • a municipal advisory client worksheet.

Primary Sources

  1. SIFMA Press Release
  2. SIFMA's Municipal Securities Markets Forms and Documents

Related Articles

  • SEC Approves New MSRB Rules for Non-Solicitor Municipal Advisors (Reg. Notice 16-03)

    The SEC approved new MSRB rules establishing core standards of conduct for municipal advisors that engage in advisory activities other than solicitation. The SEC approved related amendments establishing recordkeeping requirements that apply when a municipal advisor makes a suitability determination or reviews the recommendation of another party.

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Tags

Regulated Activities
Disclosures
Regulated Entities
Muni Advisors
Regulated Products
Municipal Securities
Body of Law
Securities Law
Jurisdiction
US - Federal
Organization
Trade / Industry Associations
Sub-Author
SIFMA