MSRB and FINRA Discuss Rule Harmonization and G-27 Modernization
What happened
The Municipal Securities Rulemaking Board is scheduled to meet on October 21 and 22 to discuss potential next steps for modernizing its dealer supervision rules. The board will also address harmonization efforts with Financial Industry Regulatory Authority rules. Michael Decker of the Bond Market Association supported the recent amendments to Rule G-27 approved by the SEC but suggested there is room for further modernization.
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Why it matters
These discussions relate to the regulatory framework governing municipal securities dealers. The MSRB bases its rulemaking procedures on standards established by the SEC, and the coordination between the MSRB and Financial Industry Regulatory Authority affects market structure and dealer supervision.
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Who's involved
- Municipal Securities Rulemaking BoardDiscussing potential next steps for modernizing dealer supervision rules.
- Financial Industry Regulatory AuthorityCoordinating rule harmonization with the Municipal Securities Rulemaking Board.
- SECApproving amendments to Rule G-27 and setting regulatory standards.
- April MillerRepresenting the Bond Market Association, commenting on G-27 modernization.
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The entities involved
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Financial Industry Regulatory Authority
American finance industry self-regulatory organization
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Municipal Securities Rulemaking Board
Nothing else this week.
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SEC
Slovak company