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On December 1, 2014, the US Securities and Exchange Commission ("SEC") and the US Municipal Securities Rulemaking Board ("MSRB") issued a proposed rule adding municipal asset-backed securities-related disclosure required under Securities Exchange Act of 1934 Rule 15Ga-1 to the list of categories of continuing disclosures that the MSRB’s Electronic Municipal Market Access ("EMMA") will continue to accept and distribute publicly.
On December 1, 2014, the US Securities and Exchange Commission
("SEC") and the US Municipal Securities Rulemaking Board
("MSRB") issued a proposed rule adding municipal
asset-backed securities-related disclosure required under
Securities Exchange Act of 1934 Rule 15Ga-1 to the list of
categories of continuing disclosures that the MSRB's Electronic
Municipal Market Access ("EMMA") will continue to accept
and distribute publicly. The proposed rule also makes several minor
technical changes such as the removal of outdated language,
updating naming conventions, among others. The MSRB filed the
proposal as a non-controversial rule change that is effective upon
filing. However, the proposed rule change will not be made
operative before January 9, 2015. Comments on the proposed rule are
due by December 26, 2014.
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