MSRB Notice 2012-54: Reminder of Effective Date Regarding Amendments to MSRB Rule G-34 Relating to Use of the Term "Not Reoffered"

The MSRB reminds brokers, dealers, and municipal securities dealers of the November 1, 2012, effective date of amendments to MSRB Rule G-34 concerning the use of the term "not reoffered," or "NRO," on communications about new issues of municipal securities. The amendments will prohibit any dealer from using the term "not reoffered" or other comparable term or designation, such as the commonly used designation of "NRO," without also including the applicable price or yield information about the securities in any of its written communications, electronic or otherwise, sent by or on behalf of the dealer.

View notice in full here (links externally to MSRB website).