SIFMA provided comments to the Securities and Exchange Commission (SEC) in response to the SEC’s request for comment on the existing collection of information provided for in Rule 15c2-12 – Municipal Securities Disclosure (the Rule) under the Securities Exchange Act of 1934.

SIFMA and its members continue to support reasonable disclosure and transparency efforts in the municipal securities market, including the Municipal Securities Rulemaking Board’s (MSRB) Electronic Municipal Market Access (EMMA) website. However, SIFMA believes it is important to review the Rule to examine its costs and benefits, as well as to examine if the Rule can be amended to enhance its regulatory efficiency.