WASHINGTON — The Municipal Securities Rulemaking Board has proposed including two more exceptions in draft rules that would limit underwriters’ ability to consent to changes in muni bond authorizing documents.

The latest proposal, released Nov. 21, would allow underwriters to consent to bond document changes if their ability to do so is stated in both the authorizing documents and the offering documents of so-called parity bonds.

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.