On May 7th, the Municipal Securities Rulemaking Board (MSRB) published its strategic plan for fiscal years 2026–2030, which details a multi‑year plan focused on regulatory modernization, market transparency, and public accountability. The plan is the result of significant engagement with market participants, and is intended to reiterate MSRB’s commitment to protect investors, issuers, and the public interest in a fair and efficient municipal securities market.
Main Goals and Objectives Outlined in the Plan
Regulatory Modernization:
- enhances coordination with regulators on guidance and enforcement
- updates dealer disclosure rules for municipal fund securities to ensure rules reflect current market practices
- conducts a review of the municipal advisor regulatory structure
- performs targeted retrospective reviews of dealer regulations to ensure fair, open, and efficient municipal markets
Market Transparency:
- explores how financial innovation and new technologies affect market structure and regulatory needs
- protects the integrity of market data through vigorous cybersecurity practices
- improves the quality and efficacy of market data by improving timeliness, accuracy, and completeness of pricing, issuance, trading, and disclosure information
- launches a modernized EMMA® platform with improved access to municipal securities data and documents
Public Accountability:
- maintains strong governance and responsible financial management
- enhances education and outreach efforts to support compliance and market literacy
- broadens stakeholder engagement to clarify market needs and perspectives
For further details, please visit the MSRB site to see the full MSRB Strategic Plan FY 2026-2030.
Sources:
MSRB Releases Strategic Plan for Fiscal Years 2026-2030 (msrb.org)
MSRB Strategic Plan FY 2026–2030 (msrb.org)
