Municipal Securities Content

ICI has filed the attached comment letter on the Municipal Securities Rulemaking Board's (MSRB) proposed rule amendment to require dealers effecting municipal securities transactions subject to the T+1 settlement cycle to (1) enter into written agreements with "relevant parties" to...

ICI has filed two letters in response to the joint notice of proposed rulemaking issued by the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation (collectively, the Agencies) to amend the...

As we previously reported, the Municipal Securities Rulemaking Board (MSRB) has proposed a rule amendment to promote the allocation, confirmation, affirmation (or any combination) of municipal securities transactions as soon as technologically practicable on a same-day basis. The MSRB...

On December 21, the Municipal Securities Rulemaking Board (MSRB) proposed, via a rule filing to the Securities and Exchange Commission (SEC), amendments to MSRB Rule G-12 to require dealers effecting municipal securities transactions that are subject to the T+1 settlement cycle to (1)...

On May 25, the Securities and Exchange Commission approved proposed rule changes by the Municipal Securities Rulemaking Board (MSRB) to facilitate shortening the settlement cycle for transactions in municipal securities. The amendments aim to promote regulatory consistency and follow...

At ICI's 2023 Leadership Summit, SEC Chair Gensler delivered remarks which focused on fund dilution and liquidity and how it relates to financial stability, outstanding SEC rule proposals related to money market funds and liquidity risk management, hard close, and swing pricing, and...

On November 2, 2022, by a 3-2 vote, the SEC approved a proposal that would: amend Rule 22e-4 (the "liquidity rule"), which applies to open-end funds; require mutual funds to adopt swing pricing; and change all Form N-PORT filers' reporting obligations