WASHINGTON - The Municipal Securities Rulemaking Board will give broker-dealers an extra 90 days to test the New Issue Information Dissemination System in response to complaints from two market groups that the original June 30 implementation date for NIIDS-related rule changes was untenable because of ongoing market turmoil, MSRB chairman Frank Chin announced Friday.

Testing of NIIDS, which is designed to improve the accuracy and timeliness of information disseminated about new muni bond issues, will now be conducted through the middle of September so that the system can be finalized by Sept. 30, Chin said during a conference call with reporters Friday in which he talked about the board's meeting in Boston last week.

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