• MSRB Proposes Amendment to EMMA Rule.

On December 23rd, the SEC provided notice of the Municipal Securities Rulemaking Board's amendment to a proposed rule change relating to additional voluntary submissions by issuers to the MSRB's Electronic Municipal Market Access System ("EMMA"). The proposal would amend EMMA's primary market and continuing disclosure services to permit issuers and their designated agents to submit preliminary official statements and other related pre-sale documents, official statements and advance refunding documents, as well as to permit issuers, obligated persons and their designated agents to submit information relating to the preparation and submission of audited financial statements and annual financial information and to post links to other disclosure information. Comments should be submitted within 21 days after publication in the Federal Register, which is expected during the week of January 4th. SEC Release No. 34-61237.

  • MSRB Proposes Amendment to EMMA Form.

On December 23rd, the SEC provided notice of the Municipal Securities Rulemaking Board's filing of an amendment to a proposed rule change relating to Rule G-32, on disclosures in connection with primary offerings, Form G-32, and the primary market disclosure and primary market subscription services of the MSRB's Electronic Municipal Market Access System. Comments should be submitted within 21 days after publication in the Federal Register, which is expected during the week of January 4th. SEC Release No. 34-61238.