MSRB Amends Proposal to Collect 529 College Savings Plan Information

The MSRB announced that it has amended its proposal to collect comprehensive data from dealers on 529 college savings plans. The proposal would require plan underwriters to provide the MSRB with data semiannually and to report performance data annually. Other changes to the proposal relate to the details to be submitted on 529 plan investments and the effective date of reporting requirements.

The MSRB is seeking public comment on the revised proposal. Comments, which can be submitted here, are due December 21, 2012.

See: MSRB Press Release and Regulatory Notice.