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Federal Register: SEC Requests Comments on Amending MSRB Quorum Requirements

The SEC requested comments on an MSRB proposal to amend Rule A-4 requirements regarding the composition of a MSRB (the "Board") quorum. The proposed rule change would require that in order to form a quorum of the Board, at least one member of any Board group constituting a quorum is an individual who is associated with a municipal advisor. The proposed rule change ensures representation of all categories of persons required to be members of the Board in any quorum established under MSRB Rule A–4.

Comments on the proposal must be submitted by November 30, 2016.

Primary Sources

  1. SEC Request for Comments on MSRB Proposal to Amend Requirements on Meetings of Board regarding Formation of Quorum (81 FR 78872)

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Tags

Regulated Activities
Governance
Regulated Entities
Broker-Dealers Regulatory Agencies
Sub-Entity
Securities SROs
Body of Law
Securities Law
Jurisdiction
US - Federal
Organization
FINRA / MSRB / SEC Exchanges / SIPC / Accountants
Sub-Author
MSRB