The SEC has recently provided notice of the Municipal Securities Rulemaking Board's filing of several proposed rules and amendments affecting municipal advisors.

  • SEC Release No. 34-65292 addresses a proposed interpretive notice concerning the application of MSRB Rule G-17 to municipal advisors. Comments should be submitted within 21 days after publication in the Federal Register, which is expected during the week of September 12.
  • SEC Release No. 34-65282 addresses proposed Rule G-36, on the fiduciary duties of municipal advisors, and a proposed interpretive notice concerning the application of proposed Rule G-36 to municipal advisors. Comments should be submitted within 21 days after publication in the Federal Register, which is expected during the week of September 12.
  • SEC Release No. 34-65255 addresses proposed Rule G-42 on political contributions and prohibitions on municipal advisory activities; proposed amendments to Rules G-8 on books and records, G-9 on preservation of records, and G-37 on political contributions and prohibitions on municipal securities business; proposed Form G-37/G-42 and Form G-37x/G-42x; and a proposed restatement of a Rule G-37 interpretive notice. Comments should be submitted on or before September 30, 2011.
  • SEC Release No. 34-65234 addresses proposed amendments to MSRB Rule G-20 (Gifts and Gratuities) and related amendments to MSRB Rules G-8 (Books and Records) and G-9 (Preservation of Records), and clarifies that certain interpretations by the Financial Industry Regulatory Authority and the National Association of Securities Dealers would be applicable to municipal advisors. Comments should be submitted on or before September 28, 2011.