WASHINGTON — The Municipal Securities Rulemaking Board on Thursday filed proposed rule changes with the Securities and Exchange Commission that would subject municipal advisers to similar restrictions on gifts and gratuities that already apply to broker-dealers.

The proposed amendments to the board’s Rule G-20 on gifts and gratuities would have to be approved by the SEC, which would first have to put them out for public comment. But the MSRB requested that the SEC not make them effective until after the commission defines the term municipal adviser in its final registration rules.

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.