WASHINGTON — Industry groups are urging the Municipal Securities Rulemaking Board to abandon a proposal to alter its Rule G-37 that would require municipal securities dealers to disclose the names of political action committees controlled by bank holding companies or other affiliates.

Separately, the MSRB filed on Monday proposed changes to its Rule A-3 on membership with the Securities and Exchange Commission that would mandate public members comprise a majority of its nominating committee. The proposal reflects that the MSRB became a majority-public self-regulator as of Oct. 1.

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.