A direct feed of the reset information for auction-rate securities and variable-rate demand obligations that dealers submit to the Municipal Securities Rulemaking Board will cost $10,000 annually if the Securities and Exchange Commission signs off on a proposal submitted by the board Tuesday.

The MSRB, which is proposing to begin the subscription service on Sept. 30, currently collects basic auction and remarketing information for ARS and VRDOs through its short-term obligation rate transparency system.

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