MSRB Proposes Several "Non-Controversial" Amendments to Rulebook

The "MSRB" proposed "non-controversial" updates to its rulebook.

The proposed rule amendments would:

• update incorrect NASD rule references in the MSRB rulebook to the correct FINRA rule in MSRB Rule G-20, Rule G-27, G-35 and G-41;

• delete outdated references in Rule G-38 and G-45;

• delete subsection (c) in Rule G-38;

• delete subsection (e) in Rule G-45; and

• amend typographical errors in (i) Rule G-12 and (ii) G-26 (i.e., in Supplementary Material .02 Written Procedures).

The MSRB filed the proposal as a "noncontroversial rule change" that will make the proposal effective upon receipt by the SEC. In addition, the operative date of the proposed changes will be June 3, 2019.