MSRB Consolidates Dealers' Fair-Pricing Obligation Rules (Notice 2014-11)

The SEC approved MSRB's proposal to consolidate fair-pricing rules by amending MSRB Rule G-30 ("Prices and Commissions") and deleting MSRB Rule G-18 ("Execution of Transactions").

According to the MSRB, the amendments are intended to codify existing guidance regarding MSRB fair-pricing standards in MSRB Rules G-30, G-18 and G-17 ("Conduct of Municipal Securities and Municipal Advisory Activities") into a single rule under G-30.

The rule changes will become effective on July 7, 2014.

See: MSRB Notice 2014-11.Related news: MSRB Proposes Amendments to Existing Obligations of Municipal Securities Dealers Related to Fair Pricing (with Lofchie Comment) (January 29, 2014); MSRB Notice 2013-15: Request for Comment on Proposed Fair-Pricing Rule (August 6, 2013).To stay up-to-date with financial regulatory rule changes, please see the Cabinet's Rule Calendars (accessible to Cabinet subscribers only).