The Municipal Securities Rulemaking Board (MSRB) has published its annual notice establishing the criteria for designating participants for its mandatory business continuity and disaster recovery testing consistent with the Regulation Systems Compliance and Integrity (Regulation SCI), adopted by the SEC under the Securities Exchange Act of 1934. Continue reading "MSRB Releases Notice on Mandatory Participation..." »

On September 20th, the Municipal Securities Rulemaking Board (MSRB) received SEC approval for amendments to MSRB Rule G-14 on reports of sales or purchases. The new rule shortens the amount of time by which brokers, dealers, and municipal securities dealers are required to report most transactions to the MSRB. Initially proposed in January 2024, this rule is intended to increase public interest in the municipal securities market by enhancing the market’s transparency. The amendments reflect substantial revisions made to the trade reporting standard and allow investors and other market participants to have access to more real-time prices. Continue reading "SEC Approves MSRB Rule Change to Shorten..." »

The SEC, the Municipal Securities Rulemaking Board (MSRB), and Financial Industry Regulatory Authority (FINRA) have announced that registration is now open for the Compliance Outreach Program, an event the agencies will host together in November in Denver, Colorado. The program is designed specifically to familiarize municipal market participants, including municipal advisors and broker-dealers, with their compliance obligations. Continue reading "SEC, MSRB, FINRA to Co-Sponsor Compliance..." »

Novaworks will host a free webinar geared toward investors, state and local governments and other market participants to delve into the changes that are coming with the Financial Data Transparency Act (FDTA). This hour-long webinar will be offered on the first Tuesday of every month, beginning May 7th. When registering, attendees simply choose the date and time that works best. Continue reading "Novaworks Offers Webinar: Exploring the Impact..." »