Delay in the Compliance Date for Rule G-45
Published on:
January 9, 2015
Committee:
SIFMA and four other organizations wrote a joint letter to the Municipal Securities Rulemaking Board (MSRB) recommending MSRB give serious consideration to postponing the compliance date for recently adopted Rule G-45, which requires primary underwriters of 529 plans to file data with the MSRB. The organizations believe the delay is necessary to provide filers ample time to implement these new filing requirements and avoid violating the new rule.