The Securities and Exchange Commission has had to put its initiatives to improve municipal disclosure and accounting standards on the back burner because of the ongoing credit crisis, but still plans to propose changes to its disclosure regulations, the SEC's municipal securities chief said this week.

Martha Mahan Haines told attendees at the Investment Company Institute's Equity, Fixed-Income & Derivatives Markets conference in Manhattan late Monday that SEC staff are drafting proposed changes to Rule 15c2-12 on disclosure that the commission will propose "within the coming weeks and months."

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