Supervisory & Compliance Obligations of Municipal Advisors
Published on:
April 25, 2014
Committee:
SIFMA provides comments to the Municipal Securities Rulemaking Board (MSRB) on MSRB’s Request for Comment on Draft MSRB Rule G-44, on Supervisory and Compliance Obligations of Municipal Advisors and associated amendments to Rules G-8 (on Books and Records) and G-9 (on Preservation of Records) (February 25, 2014), MSRB Notice 2014-04.
SIFMA commends the MSRB for proposing a supervisory regime for municipal advisors of similar robustness as the requirements of MSRB Rule G-27, resulting in a level regulatory playing field for all municipal advisors; and is supportive of the elements of the supervisory system requirements contained in the Proposal.