25 Jul 2025
📈MSRB Proposed Rule Change on Reporting Timelines for Municipal Securities
Self-Regulatory Organizations; Municipal Securities Rulemaking Board; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To Amend Rule G-14 RTRS Procedures Under MSRB Rule G-14 Regarding the Timing of Reporting Transactions in Municipal Securities to the MSRB and To Make a Related Amendment to Rule G-12
Summary
The Securities and Exchange Commission received a proposed rule change from the Municipal Securities Rulemaking Board to amend rules governing transaction reporting for municipal securities. Notably, this change aims to revert the timeframe for reporting transactions back to a 15-minute window, affecting how industry participants handle their reporting obligations.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The document discusses the MSRB's proposed changes to reporting timeframes for municipal securities transactions, which will impact how brokers and dealers operate. Changes to compliance requirements can lead to increased regulatory burdens or operational adjustments for businesses in the municipal securities market.