The Municipal Securities Rulemaking Board announced last week that it will host two regional compliance seminars next year on its rules for tax-advantaged college savings plans, which have been set up by states under Section 529 of the federal tax code. The one-day seminars will feature members of the board’s legal staff and other industry participants and is open to all members of the municipal securities community, but are primarily for officials that market the plans, the board said in a statement. The first seminar will be held May 8 at the Chicago City Center Hotel & Sports Club, and the second will be held May 12 at the Renaissance Hotel in Washington, D.C.Both seminars will focus on changes the board made earlier this year to its Rule G-21 on advertising and Rule G-27 on supervision. The bulk of those changes require dealers to meet new fee expense disclosure requirements which went into effect this summer.The saving plans, which involve municipal fund securities that are regulated by the MSRB as municipal securities, are designed to encourage adults to save for the future college expenses of a child or other designated beneficiary.
Independent and authoritative analysis and perspective for the bond buying industry.
No credit card required. Complete access to articles, breaking news and industry data.
Have an account? Sign In