The Municipal Securities Rulemaking Board has filed a rule with the Securities and Exchange Commission to establish a database for 529 college savings plans.

Approved at the MSRB’s quarterly meeting in January, proposed rule G-45 would require primary distributors or underwriters of 529 plans to submit information including assets, contributions, distributions, fees and expenses, and performance data to the board within 60 days of the end of the reporting period.

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