WASHINGTON — The Municipal Securities Rulemaking Board wants the Securities and Exchange Commission to approve proposed guidance that details how underwriters should treat municipal issuers under its fair-dealing rule, despite dealers’ requests for a delay.

In a Feb. 13 letter to the SEC, the MSRB mostly sided with issuers rather than dealers on key aspects of the board’s proposed interpretative guidance for Rule G-17, including issuers’ requests that the guidance be quickly approved.

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