On December 1, 2014, the US Securities and Exchange Commission (“SEC”) and the US Municipal Securities Rulemaking Board (“MSRB”) issued a proposed rule adding municipal asset-backed securities-related disclosure required under Securities Exchange Act of 1934 Rule 15Ga-1 to the list of categories of continuing disclosures that the MSRB’s Electronic Municipal Market Access (“EMMA”) will continue to accept and distribute publicly. The proposed rule also makes several minor technical changes such as the removal of outdated language, updating naming conventions, among others. The MSRB filed the proposal as a non-controversial rule change that is effective upon filing. However, the proposed rule change will not be made operative before January 9, 2015. Comments on the proposed rule are due by December 26, 2014.

The SEC proposed rule is available at:

http://www.gpo.gov/fdsys/pkg/FR-2014-12-05/pdf/2014-28548.pdf.