SEC Approves Amendments to MSRB Rules G-11, G-8 and G-32

The SEC has approved the proposed rule amendments to Rule G-11 ("Primary Offering Practices"), Rule G-8 ("Books and Records to Be Made by Brokers, Dealers, and Municipal Securities Dealers"), and Rule G-32 ("Disclosures in Connection with Primary Offerings"). The revised MSRB rules will establish certain basic regulatory standards relating to the use of retail order periods in primary offering of municipal securities. The changes to the rules will take effect on March 31, 2014.

See: MSRB Rule Release; MSRB Press Release.See also: MSRB Files Amendment to Proposed Rule Change to Rules G-11, G-8 and G-32 (September 9, 2013).