WASHINGTON - The Municipal Securities Rulemaking Board on Friday proposed a partial delay in the rollout of a new transparency system for short-term securities, in response to industry requests for more time to test and implement the system.

The board said it would leave unchanged the proposed Jan. 30 start date for requiring broker-dealers to begin reporting auction-rate securities information to the system, dubbed SHORT, for Short-term Obligation Rate Transparency. But the MSRB said it would like to delay until April 1 the deadline for providing data on variable-rate demand obligations.

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