MSRB Regulatory Notices

Municipal Securities Dealer Participation and Concentration Trends

The Municipal Securities Rulemaking Board (MSRB) has released a report analyzing municipal securities dealer participation and concentration trends from 2016-2025. The report indicates a decline in the number of participating dealers, while trading concentration has shown mixed patterns depending on the metric used.

MSRB Rules for Municipal Securities Activities Updated

The Municipal Securities Rulemaking Board (MSRB) has updated its rules pertaining to municipal securities activities. The updates cover various aspects of regulated entity administration and professional qualification for dealers, municipal advisors, and bank dealers.

MSRB Advances Rule Modernization, Transparency, and Strategic Plan

The Municipal Securities Rulemaking Board (MSRB) held its quarterly board meeting, discussing advancements in rule modernization, market transparency initiatives, and its forthcoming FY 2026-2030 strategic plan. Key topics included retrospective rule reviews, harmonization with FINRA rules, and updates on the EMMA website.