The MSRB proposal to amend municipal fund securities reporting
requirements under Form G-45 was published in the Federal Register. Comments on
the proposal must be submitted by November 23, 2018.
As
previously covered, the MSRB seeks to amend Form G-45 to
clarify data elements and to require additional data from
underwriters of college savings plans (i.e., "529
savings plans") and Achieving a Better Life Experience
("ABLE") programs (issued under the ABLE Act). The proposed amendments would (i)
clarify a data element concerning the program management fee
assessed by a 529 savings plan or ABLE program, (ii) add a data
element concerning the closing date for investment options offered
in a 529 savings plan, and (iii) delete data elements concerning
annualized three-year performance information.
