📈SEC Regulatory Updates on Municipal Securities Dealer Compliance
Agency Information Collection Activities; Submission for OMB Review; Comment Request; Revision: Exchange Act Rule 15Ba2-1 and Form MSD; Revision: Exchange Act Rule 15Bc3-1 and Form MSDW; Revision: Exchange Act Rule 15Ba2-5; and Reinstatement With Change: Exchange Act Rule 15Ba2-4
Summary
The SEC announces revisions to information collection activities and forms related to municipal securities dealers under the Exchange Act. This update aims to streamline processes for registration and withdrawal, requiring dealers to amend their filings to ensure compliance with the latest regulatory standards. The changes seek to enhance operational efficiency and public accessibility to dealer information.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The regulatory document outlines significant compliance requirements for municipal securities dealers, detailing revisions to rules and forms (e.g., Form MSD and MSDW) under the Securities Exchange Act of 1934. These updates necessitate business owners and executives to adapt to new administrative burdens, impacting operational processes and costs related to registration and withdrawal from registration.