The Securities and Exchange Commission plans to vote on proposed changes to its Rule 15c2-12 on disclosure at an open meeting Wednesday and also may direct staff to approve a related Municipal Securities Rulemaking Board proposal the same day.

Ahead of Wednesday’s meeting, the MSRB is likely to file changes with the SEC to its related proposal, which would require issuers to contract with bondholders to make certain improvements in their disclosure practices in order to receive special designation on the board’s Electronic Municipal Market Access site.

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