📊OCC Seeks Comments on Municipal Securities Dealers Registration
The OCC, as part of its continuing effort to reduce paperwork and respondent burden, invites comment on a continuing information collection, as required by the Paperwork Reduction Act of 1995 (PRA). In accordance with the requirements of the PRA, the OCC may not conduct or sponsor, and the respondent is not required to respond to, an information collection unless it displays a currently valid Office of Management and Budget (OMB) control number. The OCC is soliciting comment concerning the renewal of its information collection titled, "Municipal Securities Dealers and Government Securities Brokers and Dealers--Registration and Withdrawal."
Learn More📈Proposed Amendments to MSRB Rule G-14 on Trade Reporting
The Securities and Exchange Commission discusses a proposed rule change by the Municipal Securities Rulemaking Board that modifies the reporting timeframe for transactions in municipal securities. The changes include reverting the reporting deadline to 15 minutes and promoting timely reporting "as soon as practicable," aiming to enhance market transparency and minimize compliance burdens for dealers.
Learn More📄Proposed Revisions to SEC Exchange Act Rules Affecting Businesses
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.
Learn More📄Insights on Municipal Securities Disclosure Compliance Requirements
The Securities and Exchange Commission announces a request for an extension on compliance measures under Rule 15c2-12, which governs municipal securities disclosures. The rule mandates Participating Underwriters obtain and review official statements and ensures issuers provide ongoing financial information. These measures aim to enhance market transparency and reduce fraud in municipal securities transactions.
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