MSRB Rule G-17 Compliance Assistance

Effective August 2, 2012, underwriters of municipal securities have additional obligations, pursuant to MSRB Rule G-17, to their state and local government clients to disclose potential conflicts of interest and compensation received from third-party providers, and to disclose the risks of complex financial transactions, among other new requirements. Both MSRB and SIFMA have posted substantial materials on their websites to assist firms in compliance. For the MSRB materials, go to msrb.org. For the SIFMA materials, go to http://www.sifma.org g17disclosures.