WASHINGTON — Market participants mostly support a revised proposal by the Municipal Securities Rulemaking Board that would require primary distributors or underwriters of 529 college savings plans to submit information to the MSRB, but urged the board to keep information confidential and to consider additional changes.

The proposal, issued by the MSRB on Nov. 23, would create a new Rule G-45 requiring firms to submit a variety of information to the board twice yearly — within 60 days each of June 30 and Dec. 31. An earlier proposal in August proposal that would have required quarterly reporting.

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