WASHINGTON — The Municipal Securities Rulemaking Board on Tuesday proposed rule changes that would eliminate some duplicative reporting requirements faced by underwriters of new-issue muni securities.

The proposal, part of the board's long-range plan for market transparency, would allow underwriters to report information on new munis to the MSRB's online EMMA system by submitting it directly to the New Issue Information Dissemination Service, which is operated by the Depository Trust and Clearing Corp. The MSRB would then transfer the NIIDS data directly to EMMA.

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