MSRB

The proposed amendment to Rule G-3 is designed to promote diversity and inclusion in the muni market.

The Municipal Securities Rulemaking Board has filed to extend G-27 relief to give dealers an extra six-month window for remote inspections

The MSRB's latest request for comment has won initial praise from broker-dealer groups.

Watkins has served in a variety of leadership roles on muni associations and is described by colleagues as a tireless advocate for the municipal bond issuing community.

The MSRB will seek comment on Rule G-3 on professional qualifications that would add an exemption for muni advisors having to requalify in instances where their qualification had lapsed.

As issuers push against a financial disclosure bill pending in the Senate, some buy-siders say standardized disclosure would attract more investors and boost liquidity.

In its analysis of primary market data from 2019 to 2021, the MSRB showed that market participants fled competitive offerings during the COVID period and preferred private placements.

The Municipal Securities Rulemaking Board's meeting will discuss the scope of its Form A-12 modernization efforts, authorizing a request for comment on a certain MA exemption and extending COVID relief under MSRB Rule G-27, among others.

Should the proposal go forward, the board should provide analysis and evidence as to how such a requirement would benefit the market, dealers said.

The Municipal Securities Rulemaking Board's intends to spend $45.5 million over the course of FY2023.