Consolidating Registration Requirements
Published on:
September 20, 2013
Committee:
SIFMA provides comments to the Municipal Securities Rulemaking Board (MSRB) on a proposed rule change to consolidate registration requirements, MSRB Notice 2013-19. The proposed rule would set forth in a single rule the requirements to and process by which brokers, dealers and municipal securities dealers (dealers) and municipal advisors (collectively, regulated entities) register with the MSRB.
SIFMA and its members generally are supportive of consolidating rules, particularly when the effects are clarifying the rules, streamlining processes and reducing the compliance burdens on regulated entities. In addition, SIFMA offers some specific comments about certain aspects of this proposal.