WASHINGTON ­— The central issue for Municipal Securities Rulemaking Board members gathered for a special meeting Thursday and Friday at their Alexandria, Va., headquarters is how the self-regulator will oversee municipal advisers.

Sources said the 21-member MSRB, which began to oversee muni advisers Oct. 1, will discuss how to extend its existing dealer pay-to-play restrictions to muni advisers as well as how to elaborate on the fiduciary duty required of them in the Dodd-Frank Wall Street Reform and Consumer Protection Act.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.