📄Proposed Revisions to SEC Exchange Act Rules Affecting Businesses
Proposed Collection; 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 seeks comments on proposed revisions to Exchange Act Rules 15Ba2-1, 15Bc3-1, and others, consolidating information collections for municipal securities dealers. The updates aim to improve efficiency and transparency in the registration process, including amendments to Forms MSD and MSDW. Public comments are invited on the implications of these changes.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The document outlines mandatory information collections and revisions for municipal securities dealers under the Securities Exchange Act, impacting compliance requirements for financial institutions. Amendments to Forms MSD and MSDW streamline reporting processes, affecting operational burdens and potential costs. Businesses must adapt to anticipate new filing requirements and adhere to updated rules to remain compliant.