United States Government Publishing Office publisher pbl distributor dst United States National Archives and Records Administration Office of the Federal Register author aut Government Organization text government publication eng FR Regulatory Information 2008_register executive 2010-09-23 article Part II Rules and Regulations D09002ee1c80798e9 D09002ee1c80799e9 United States Securities and Exchange Commission originator org United States Government Agency or Subagency The Securities and Exchange Commission ("Commission") is adopting amendments to a rule under the Securities Exchange Act of 1934 ("Exchange Act") relating to municipal securities disclosure. This final rule amends certain requirements regarding the information that the broker, dealer, or municipal securities dealer acting as an underwriter in a primary offering of municipal securities must reasonably determine that an issuer of municipal securities or an obligated person has undertaken, in a written agreement or contract for the benefit of holders of the issuer's municipal securities, to provide. Specifically, the amendments require the broker, dealer, or municipal securities dealer to reasonably determine that the issuer or obligated person has agreed: To provide the information covered by the written agreement to the Municipal Securities Rulemaking Board ("MSRB" or "Board"), instead of to multiple nationally recognized municipal securities information repositories ("NRMSIRs") and state information depositories ("SIDs"); and to provide such information in an electronic format and accompanied by identifying information as prescribed by the MSRB. The Commission's rulemaking is intended to improve the availability of information about municipal securities to investors, market professionals, and the public generally. Concurrently, we have approved a companion proposal by the MSRB relating to its Electronic Municipal Market Access ("EMMA") system for municipal securities disclosures. Finally, we are withdrawing proposed amendments to the Rule, issued in 2006, that would have eliminated the MSRB as a location to which issuers could submit certain municipal disclosure documents. 73 FR 76104 https://www.govinfo.gov/app/details/FR-2008-12-15/E8-29336 E8-29336 fr15de08-16 RIN 3235-AK20 8011-01-P Release No. 34-59062 File No. S7-21-08 https://www.govinfo.gov/app/details/FR-2008-12-15/E8-29336 https://www.govinfo.gov/content/pkg/FR-2008-12-15/html/E8-29336.htm https://www.govinfo.gov/content/pkg/FR-2008-12-15/pdf/E8-29336.pdf Brokers Reporting and Recordkeeping Requirements Securities 30 p. 76104 76133 73 FR 76104 Title 17 Part 240 17 CFR Part 240 RIN 3235-AK20 Amendment to Municipal Securities Disclosure; Federal Register Vol. 73, Issue RULE E8-29336 II SECURITIES AND EXCHANGE COMMISSION 2009-07-01 Release No. 34-59062 File No. S7-21-08 8011-01-P E8-29336 Final rule.

The Securities and Exchange Commission ("Commission") is adopting amendments to a rule under the Securities Exchange Act of 1934 ("Exchange Act") relating to municipal securities disclosure. This final rule amends certain requirements regarding the information that the broker, dealer, or municipal securities dealer acting as an underwriter in a primary offering of municipal securities must reasonably determine that an issuer of municipal securities or an obligated person has undertaken, in a written agreement or contract for the benefit of holders of the issuer's municipal securities, to provide. Specifically, the amendments require the broker, dealer, or municipal securities dealer to reasonably determine that the issuer or obligated person has agreed: To provide the information covered by the written agreement to the Municipal Securities Rulemaking Board ("MSRB" or "Board"), instead of to multiple nationally recognized municipal securities information repositories ("NRMSIRs") and state information depositories ("SIDs"); and to provide such information in an electronic format and accompanied by identifying information as prescribed by the MSRB. The Commission's rulemaking is intended to improve the availability of information about municipal securities to investors, market professionals, and the public generally. Concurrently, we have approved a companion proposal by the MSRB relating to its Electronic Municipal Market Access ("EMMA") system for municipal securities disclosures. Finally, we are withdrawing proposed amendments to the Rule, issued in 2006, that would have eliminated the MSRB as a location to which issuers could submit certain municipal disclosure documents.

Effective Date: July 1, 2009. Martha Mahan Haines, Assistant Director and Chief, Office of Municipal Securities, at (202) 551-5681; Nancy J. Burke-Sanow, Assistant Director, Office of Market Supervision, at (202) 551-5620; Mary N. Simpkins, Senior Special Counsel, Office of Municipal Securities, at (202) 551-5683; Rahman J. Harrison, Special Counsel, Office of Market Supervision, at (202) 551-5663; David J. Michehl, Special Counsel, Office of Market Supervision, at (202) 551- 5627; and Steven Varholik, Attorney, Office of Market Supervision, at (202) 551-5615, Division of Trading and Markets, Securities and Exchange Commission, 100 F Street, NE., Washington, DC 20549-6628. Brokers Reporting and Recordkeeping Requirements Securities Amendment to Municipal Securities Disclosure, http://www.bloomberg.com/markets/rates/municontacts.html http://www.disclosuredirectory.standardandpoors.com/ http://www.interactivedata-prd.com/07company_info/about_us/MN/NRMSIR.shtml http://www.joe.org/joe/2002october/a4.shtml http://www.msrb.org/msrb1/rules/notg17.htm http://www.msrb.org/msrb1/TRSweb/MarketStats/statistical_patterns_in_the_muni.htm http://www.munifilings.com/help/help.cfm http://www.sec.gov/comments/s7-21-08/s72108.shtml http://www.sec.gov/info/municipal.shtml http://www.sec.gov/info/municipal/roundtables/2000participants.htm http://www.sec.gov/info/municipal/roundtables/thirdmuniround.htm http://www.sifma.org/research/pdf/Holders_Municipal_Securities.pdf http://www.sifma.org/research/pdf/Overall_Outstanding.pdf Vol. 73, no. 241 Office of the Federal Register, National Archives and Records Administration 2008-12-15 continuing daily deposited born digital 277 p. Table of Contents: AE 2.7: GS 4.107: AE 2.106: KF70.A2 https://www.govinfo.gov/app/details/FR-2008-12-15 P0b002ee1809be2e5 0097-6326 0042-1219 0364-1406 769-004-00000-9 000582072 f:fr15de08 https://www.govinfo.gov/app/details/FR-2008-12-15 https://www.govinfo.gov/content/pkg/FR-2008-12-15/pdf/FR-2008-12-15.pdf https://www.govinfo.gov/content/pkg/FR-2008-12-15/xml/FR-2008-12-15.xml fdlp 75927 76190 DGPO 2010-09-23 2024-06-05 FR-2008-12-15 machine generated eng FR FR-2008-12-15 73 241