WASHINGTON — Three municipal bond groups are warning the Depository Trust & Clearing Corp.’s plan to restructure fees for municipal securities with multiple CUSIPs would increase costs for some muni issuers and potentially hurt small state and local governments.

The Securities Industry and Financial Markets Association, Government Finance Officers Association and National Association of Independent Public Finance Advisors issued the warning in a letter sent to DTCC last month in response to concerns that its board of directors was preparing to discuss a new fee structure.

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