On November 12th, the SEC granted immediate effectiveness to the Municipal Securities Rulemaking Board's proposal to apply the same procedures that the MSRB uses to engage in rulemaking for brokers, dealers, and municipal securities dealers to municipal advisors, and to provide a mechanism for the assessment of reasonable fees to defray a portion of the increased costs and expenses associated with the operation and administration of the Board attributable to the Board's regulation of municipal advisors. The proposed rule change only authorizes the MSRB to engage in rulemaking concerning municipal advisors and to impose fees and charges. The proposed rule change does not actually prescribe rules for, or impose fees or charges on, municipal advisors. Comments should be submitted on or before December 8, 2010. SEC Release No. 34-63307.