The Securities and Exchange Commission on Thursday approved rule changes that would allow underwriters to fulfill some new-issue reporting requirements by filing information with the Depository Trust & Clearing Corp.'s New Issue Information Dissemination Service, or NIIDS.

The change to the Municipal Securities Rulemaking Board's Rule G-32 on primary offering disclosures is meant to address duplicative reporting requirements in that rule and Rule G-34 on CUSIP numbers and new issue requirements.

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