The MSRB proposed several rule changes to align its rules with the SEC's Regulation Best Interest.
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The MSRB specified criteria for designating participants in the next required testing of the MSRB's business continuity / disaster recovery (BC/DR) plans. The designated participants will be firms that account for the most activity in specific transaction or market segments. The MSRB will notify designated participants that are obligated to take part in the testing.
The MSRB published an investor's guide to help potential 529 savings plans account owners and contributors understand how the plans function and how to make informed investment decisions. A 529 savings plan is a "tax-advantaged qualified tuition program" intended to help investors save for future higher education expenses.
The MSRB proposal to amend municipal fund securities reporting requirements was published in the Federal Register.
The MSRB proposed to amend certain forms to clarify required data elements on reporting by municipal fund securities for college savings plans.