The MSRB recently approved amendments that narrow the scope of the annual customer notification requirements under (i) MSRB Rule G-10 ("Delivery of investor brochures"); and (ii) MSRB Rule G-48 ("Transactions with sophisticated municipal market professionals"). The amendments go into effect on October 12, 2021.
As previously covered, the amendments clarify that a carrying dealer can be compliant with MSRB Rule G-10 on an introducing dealer's behalf without specifying the arrangement in the carrying agreement. (See additional previous coverage.) The amendments also modify MSRB Rule G-48 to except dealers from making such annual notifications to sophisticated municipal market professionals, as long as the required information is available on the dealers' websites.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
