TBMA Submits Comments to the MSRB on Proposals Relating to Electronic Submission of Official Statements

The Bond Market Association (TBMA) provides comments to the Municipal Securities Rulemaking Board (MSRB)on proposed amendments to MSRB Rule G-36 concerning the electronic submission of official statements, advance refunding documents and Forms G-36(OS) and G-36(ARD) to the MSRB. The proposal would establish an optional system of electronic submissions by underwriters of official statements, advance funding documents and Forms G-36(OS) and G-36(ARD) to the MSRB’s Municipal Securities Information Library through a secured, password-protected Internet web site. TBMA offers several recommendations which they believe would significantly enhance the proposed system.

*SIFMA is the product of a merger between the Securities Industry Association (SIA) and The Bond Market Association (TBMA) in 2006.