WASHINGTON – The Municipal Securities Rulemaking Board has released guidance for municipal advisors on how they should approach complying with the board’s rule on core duties when working on conduit financings.

The guidance related to MSRB Rule G-42 uses various scenarios to discuss how a municipal advisor’s relationship with the issuer, obligated person, or both in a conduit financing may affect the duties that are owed to the issuer during the course of the financing.

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