SIFMA Submits Comments to the MSRB on Collecting 529 College Savings Plan Data

SIFMA has published this comment letter to the MSRB in regard to: (i) a draft proposal to collect 529 college savings plan data; and (ii) draft Rule G-45 and Form G-45. (See MSRB Notice 2012-40).

SIFMA indicated its belief that 529 plans are being made subject to product information requirements that are greater than those imposed on other similar products. Nonetheless, SIFMA seemed to acknowledge that some rule would be passed; and primarily focused on specific potential amendments to the proposal rather than objecting to the rule in its entirety. SIFMA also stated that its suggestions revisions to the new rules were consistent with those previously made by the Investment Company Institute.

View comment letter here(links externally to SIFMA website).