Broker-dealers who are primary distributors of 529 college savings plans would have to disclose information about their total assets, the assets of underlying portfolios, contributions, and withdrawals on a quarterly basis, under a proposal the Municipal Securities Rulemaking Board released Tuesday.

The MSRB outlined its proposal and asked for market participants to comment by Aug. 31 on several issues, including whether such information would be useful to investors and whether it could be disclosed on a quarterly basis. The board said it plans to release additional guidance regarding the distribution and sale of interests in 529 plans later this year.

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