The Securities and Exchange Commission is soliciting public comments through Aug. 9 on a Municipal Securities Rulemaking Board proposal to change its EMMA site to reflect new materiality standards for continuing disclosures as well as changes to a list of event-based disclosures that borrowers may voluntarily submit to the system.

The proposal, which was published in the Federal Register yesterday, is to take effect on or before Dec. 1, the effective date of amendments to the SEC’s Rule 15c2-12, which prohibits dealers from underwriting municipal securities unless the issuer has contractually agreed to make continuing disclosures.

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