MSRB Rule A-3 Changes
Published on:
September 22, 2010
Committee:
SIFMA provides comments to the Securities and Exchange Commission (SEC) on matters related to the Municipal Securities Rulemaking Board’s (Board) notice of Rule A-3 changes, Release No. 34-62827; File No. SR-MSRB-2010-08. The proposed amendments to Rule A-3 would change the Membership on the Board to comply with the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act). SIFMA generally supports the MSRB’s proposed changes to Rule A-3 and urges the SEC to approve their adoption. SIFMA recommends that the MSRB should be guided by several principles when recruiting Board members going forward.