WASHINGTON - The Securities and Exchange Commission on Friday approved June 1 start dates for two Municipal Securities Rulemaking Board systems that form key parts of the board's EMMA central disclosure repository.

The SEC approved the access-equals-delivery system for primary market disclosures and trade data, which will allow dealers to electronically post official statements in lieu of sending paper copies to investors, unless paper copies are specifically requested. The documents will be displayed on EMMA, which stands for Electronic Municipal Market Access.

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