The Securities and Exchange Commission approved a Municipal Securities Rulemaking Board rule change last week that requires broker-dealers that have sold long-term municipal securities within the past year to test the Depository Trust & Clearing Corp.'s New Issue Information Dissemination System by Sept. 15 to make sure they are prepared to begin using it on Sept. 30.

The board proposed the changes to its Rule G-34 on Cusip numbers and new-issue requirements last month.

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