Revised Draft Proposal for MSRB Rule G-42 Regarding Duties of Non-Solicitor Municipal Advisors

SIFMA provided comments to the Municipal Securities Rulemaking Board (MSRB) regarding a revised draft proposal for MSRB Rule G-42 (Re-Proposed Rule G-42) on the standards of conduct and duties of municipal advisors when engaging in municipal advisory activities other than solicitations.

SIFMA applauds the MSRB’s efforts in revising its original proposal in light of comments received. SIFMA believes that the MSRB made great strides in making Re-Proposed Rule G-42 workable without compromising protections to municipal entities, obligated persons or investors. However, SIFMA still has significant concerns regarding certain aspects of Re-Proposed Rule G-42.

Related Material 

Regulatory Notice – Request for Comment on Revised Draft MSRB Rule G-42, on Duties of Non-Solicitor Municipal Advisors (July 23, 2014)

Original Rule Proposal – SIFMA Submits Comments to the MSRB on Duties of Non-Solicitor Municipal Advisors (March 10, 2014)