Novaworks Weblog - EMMA News

MSRB Proposes Updates to Rule G‑12 to Modernize Inter‑Dealer Confirmation Requirements, Revamp MSRB Rulebook

nospam@example.com (LeAnn Dey) — Wed, 29 Apr 2026 15:30:00 -0400

On April 28th, the Municipal Securities Rulemaking Board (MSRB) released for public review and comment a rule proposal to modify Rule G‑12(c). The proposed rule would update Rule G‑12(c), which regulates confirmation requirements for inter‑dealer municipal securities transactions that cannot be processed through automated comparison systems. The proposed rule supports the MSRB’s ongoing review of its rules, published guidance, and rulebook modernization efforts to align with current technology and operational standards. Continue reading "MSRB Proposes Updates to Rule G‑12 to Modernize Inter‑Dealer Confirmation Requirements, Revamp MSRB Rulebook"

MSRB Releases Data Regarding Market Regulation and Transparency Initiatives at Quarterly Meeting

nospam@example.com (LeAnn Dey) — Mon, 28 Apr 2025 15:00:00 -0400

On April 23rd and 24th, the Board of Directors of the Municipal Securities Rulemaking Board (MSRB) held its third quarterly meeting for fiscal year 2025, at which the MSRB discussed engagement with the industry, market transparency initiatives, and regulatory modernization of its suite of rules through a retrospective rule review. Continue reading "MSRB Releases Data Regarding Market Regulation and Transparency Initiatives at Quarterly Meeting"

MSRB Issues 2024 Annual Report and Audited Financial Statements

nospam@example.com (LeAnn Dey) — Wed, 29 Jan 2025 15:47:00 -0500

The Municipal Securities Rulemaking Board (MSRB) has released its fiscal year 2024 annual report, which provides an overview of the organization’s regulatory initiatives, operational performance, financial position, and the progress made in advancing the FY 2022–2025 Strategic Plan. The report highlights the MSRB’s ongoing efforts to enhance market transparency, streamline regulation, and engage stakeholders in promoting a fair and efficient municipal securities market. The annual report also includes audited annual financial statements for the fiscal year that ended September 30, 2024. Continue reading "MSRB Issues 2024 Annual Report and Audited Financial Statements"

MSRB Releases Notice on Mandatory Participation in Business Continuity and Disaster Recovery Testing

nospam@example.com (LeAnn Dey) — Mon, 27 Jan 2025 17:39:00 -0500

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 in Business Continuity and Disaster Recovery Testing"

SEC Approves MSRB Rule Change to Shorten Timeframe for Reporting Transactions in Municipal Securities

nospam@example.com (LeAnn Dey) — Tue, 24 Sep 2024 13:28:00 -0400

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 Timeframe for Reporting Transactions in Municipal Securities"

MSRB Adopts FY 2025 Budget, Elects Board Leadership and Furthers Strategic Priorities at Quarterly Board Meeting

nospam@example.com (LeAnn Dey) — Thu, 01 Aug 2024 13:18:00 -0400

On July 26th, the Board of Directors of the Municipal Securities Rulemaking Board (MSRB) convened the final quarterly meeting of fiscal year 2024 on July 24-25, 2024. At this meeting, the Board approved the fiscal year 2025 budget, held fiscal year 2025 officer elections, and discussed priorities to advance its 2022-2025 Strategic Plan. Continue reading "MSRB Adopts FY 2025 Budget, Elects Board Leadership and Furthers Strategic Priorities at Quarterly Board Meeting"

Novaworks Offers Webinar: Exploring the Impact of Data Transparency on Municipal Reporting

nospam@example.com (LeAnn Dey) — Thu, 02 May 2024 10:41:00 -0400

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 of Data Transparency on Municipal Reporting"