The Securities Industry and Financial Markets Association and Wells Fargo Brokerage Services LLC are asking for a delay until April of the transparency system for debt with short-term interest ratesthat the Municipal Securities Rulemaking Board has proposed starting Jan. 30.

In comment letters sent to the Securities and Exchange Commission, SIFMA and Wells Fargo both argued for an April launch date of the system, dubbed SHORT, for Short-term Obligation Rate Transparency, rather than Jan. 30. Information submitted through SHORT will be displayed on EMMA, which also is expected to serve as a free portal for primary and secondary market disclosures and trading data.

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