WASHINGTON — The Municipal Securities Rulemaking Board has released guidance in response to confusion about underwriters’ disclosures to issuers under its fair-dealing rule.

The five-page document, in a frequently asked questions and answer format, seeks to clarify interpretative guidance the board issued last August to its Rule G-17 on fair dealing so that underwriters and issuers can more easily understand it, said Gary Goldsholle, the MSRB’s general counsel. The FAQ does not make any substantive changes to the earlier guidance, he stressed.

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