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719 News Results
September 07, 2023

In a report titled "Issuer Considerations for Distributing Bonds: Establishing Priority of Orders," the MSRB offered an overview of how the prioritization of orders is determined and documented, and emphasized that "[i]ssuers are free to structure the priority of orders in any manner they see fit in light of their goals and objectives for the offering."

May 31, 2023

The MSRB adopted amendments to its rules on uniform practice and confirmation, clearance and settlement to "define regular-way settlement for municipal securities transactions as occurring one business day after the trade date" and to align with recent SEC rule amendments to shorten the settlement cycle.