TBMA Submits Comments to the NASD on Confirmation Disclosures in Corporate Debt Securities Transactions
Published on:
April 20, 2005
The Bond Market Association (TBMA)*provides comments to the National Association of Securities Dealers (NASD) on confirmation disclosures in corporate debt securities transactions, NASD Notice to Members 05-21, Proposed Rule 05-21. TBMA letters expresses concerns that the rule does not strike a balance between the potential benefits of additional confirmation disclosure and certain competing considerations, such as cost and operational difficulties.
*SIFMA is the product of the Securities Industry Association (SIA) and The Bond Market Association (TBMA) in 2006.