The Municipal Securities Rulemaking Board should harmonize its rules with those of other regulatory agencies, conduct thorough analyses of the costs imposed by its rules and clarify regulatory language to make it less ambiguous for market participants and compliance examiners, dealers told the board.

The dealer groups and individual firms made the suggestions in letters responding to a December request by the MSRB for feedback on the burdens and benefits of the rules and interpretive notices in its roughly 300-page rule book, as well as ideas for improvements.

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.