The Municipal Securities Rulemaking Board has filed a proposed rule change with the Securities and Exchange Commission that on July 1 would terminate its CDINet system, which accepted and disseminated issuers' material-event notices.

In a notice issued Friday, the MSRB asked issuers that use CDINet to instead file their material-event notices, beginning today, with a continuing disclosure pilot program being conducted on EMMA, the board's Electronic Municipal Market Access system.

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