The MSRB proposed a rule change to improve the information facility for the Electronic Municipal Market Access ("EMMA") System. The EMMA System is an online platform for the collection and dissemination of municipal securities disclosure documents and related information.

According to the MSRB, the proposal will modernize and consolidate the EMMA information facility, as well as harmonize it with the recently revised Real-Time Transaction Reporting System information facility.

The proposed rule change would be made operative on January 10, 2019.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.