The MSRB modified several rules to align with Regulation Best Interest.
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The MSRB proposed several rule changes to align its rules with the SEC's Regulation Best Interest.
The MSRB requested immediate authorization from the SEC to provide extended regulatory relief to firms due to COVID-19-related disruptions to "normal business operations."
The SEC approved the MSRB's proposed rule change to amend municipal fund securities reporting requirements under Form G-45 . The MSRB requested that the proposed rule change become effective on June 30, 2019. As previously covered , the MSRB seeks to amend Form G-45 to clarify data elements and to require additional data from the underwriters of college savings plans ( i.e. , "529 savings plans") and Achieving a Better Life Experience ("ABLE") programs. The proposed amendments would (i) clarify a data element concerning the program management fee assessed by a 529 savings plan or ABLE program
The SEC approved an MSRB proposal to amend certain municipal fund securities reporting requirements under Form G-45 . The form amendments will become effective on June 30, 2019. As previously covered , the MSRB is amending Form G-45 to clarify data elements and to require additional data from underwriters of college savings plans ( i.e. , "529 savings plans") and Achieving a Better Life Experience ("ABLE") programs (issued under the ABLE Act ). The amendments (i) clarify a data element concerning the program management fee assessed by a 529 savings plan or ABLE program, (ii) add a data element