SIFMA Submits Comments to SEC Regarding MSRB's Proposed Amendments to Rules G-3, G-7 and G-27

SIFMA submitted comments to the SEC on the MSRB's filing of proposed amendments to Rule G-3(a) ("Classification of Principals and Representatives; Numerical Requirements; Testing; Continuing Education Requirements"), Rule G-7 ("Information Concerning Associated Persons") and Rule G-27 ("Supervision").

SIFMA stated that it supports the MSRB's modification of the scope of permissible activities for a limited representative – investment company and variable contracts products, as well as its elimination of the requirement in Rule G-3(d) for certain firms to appoint at least one Financial and Operations Principal.

See: SIFMA Comment Letter. Related news: MSRB Requests SEC Approval of Proposed Amendments to Rules G-3, G-7, and G-27 (June 6, 2014).