A FINRA proposal to establish administrative and delivery fees for the new Municipal Advisor Principal Examination was published in the Federal Register.
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The MSRB reported its budget for 2022, projecting revenues of $29.3 million and expenses at $43.3 million. MSRB said the operating deficit of $14 million reflects a temporary reduction of MSRB fees.
FINRA proposed establishing administrative and delivery fees for the new Municipal Advisor Principal Examination.
ISDA recommended that regulators adopt the Common Risk Interchange Format and Common Domain Model to allow for the standardization and automation of financial reporting.
FINRA reported that it will collect a total of $10,707,300 from member firms that report trades to the MSRB. The fee, to be collected in quarterly installments starting in April 2021, funds the Governmental Accounting Standards Board.