MSRB Undertakes Broad Rules Review and Asks Public to Recommend Changes to Municipal Market Regulations

The MSRB is requesting broad industry and public input on its regulation of the municipal securities market as it engages in a comprehensive review to ensure that its rules reflect current market practices. Comments should be submitted no later than February 19, 2013.

Lofchie Comment: As we have previously noted, new SEC Chairman Walter has a particular interest in the regulation of the municipal securities markets. Accordingly, we would expect that there will be significant developments in this area at both the MSRB and the SEC; in addition, the new Chairman will likely advocate for legislation increasing the SEC's authority in this area. See News Story: SEC Chairman Mary Schapiro to Step Down; Commissioner Elisse Walter to Become Chairman (with Lofchie Comment and Links to a Few of Walter's Speeches and Related News Stories).

Click here to view regulatory notice in full (links externally to MFA website).