MSRB

The Municipal Securities Rulemaking Board will meet Oct. 25-26 to hold its first meeting of FY 2024.

The Municipal Securities Rulemaking Board's FY 2024 budget represents a 4.8% increase over the prior fiscal year.

This fiscal 2024 report provides a closer look at the stewardship of our reserve funds and how we plan to allocate technology resources in the year ahead to deliver value to our stakeholders.

The draft amendments seek to retire 40 pieces of interpretive guidance related to interdealer confirmations.

The Municipal Securities Rulemaking Board heads into its new fiscal year focused on market regulation, improving data for the muni market, and updating its EMMA technology platform.

The website now shows Bloomberg's yield curve with hourly updates between 9 a.m. and 4 p.m. The move changes EMMA's usual practice of displaying yield curve data from the day before.

The amendments exempt those who've already qualified as a municipal advisor representative from retaking the Series 50 exam.

Mainly attributable to high inflation and increasing interest rates, costs have been increasing for retail sized trades but remained steady for institutional sized trades.

The board has added Alexander Chilton, Michael Craft, Pamela Frederick, Wendell Gaertner, and Christopher Kendall, as well as the returning Ernesto Lanza as chief regulatory and policy officer.

During its quarterly board meeting, the MSRB approved its controversial one-minute trade reporting window and approved a $47 million budget for FY 2024.