SIFMA Submits Comment Letter to MSRB Regarding Consolidated Registration Requirements

SIFMA submitted comments to MSRB in response to MSRB Notice 2013-19, in which the MSRB requested comments on proposed rule changes that would set forth in a single rule the requirements and process through which brokers, dealers, municipal securities dealers, and municipal advisers register with the MSRB. In the letter, SIFMA expressed support for MSRB's efforts to make the registration process more concise, through and including by consolidating and clarifying rules, streamlining the process, and reducing compliance burdens on regulated entities. However, SIFMA also suggested technical amendments to revised Form A-12, which asks what type of business activity the firm will conduct.

See: SIFMA Comment Letter.See also: MSRB Notice 2013-19: Proposed Rule Change to Consolidate Registration Requirements (August 19, 2013).