On November 12th, the SEC granted immediate effectiveness to the Municipal Securities Rulemaking Board's proposal completing the rulemaking that is necessary for the registration of municipal advisors with the MSRB and to define certain terms that are necessary to the MSRB rules governing rulemaking concerning municipal advisors and the process of registering municipal advisors with the MSRB. The proposed rule change consists of an amendment to Rule D-11 to provide that the term "municipal advisor" in MSRB rules shall include the associated persons of such municipal advisor unless otherwise specified; a new Rule D-13 that defines "municipal advisory activities" with respect to the activities of municipal advisors described in Section 15B(e)(4)(A)(i) and (ii) of the Act; a new Rule D-14 that defines "appropriate regulatory agency" to have the meaning set forth in Section 3(a)(34) of the Act with respect to a broker, dealer, or municipal securities dealer and to mean the Commission with respect to a municipal advisor; and amendments to Rule G-40 concerning the provision of electronic mail contacts by municipal advisors. Comments should be submitted on or before December 8, 2010. SEC Release No. 34-63308.