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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