MSRB Highlights 2020 Efforts On Disclosure And Technology

In a 2020 Annual Report, the MSRB highlighted its responses to COVID-19, and its initiatives on disclosure, data transparency and Regulation Best Interest (or "Reg. BI").

The MSRB described:

• the completed cloud migration of MSRB transparency systems;
• two active Electronic Municipal Market Access ("EMMA") Labs: a keyword search engine for disclosure documents submitted to EMMA as unstructured PDFs, and a market data analysis dashboard to monitor market trends and patterns;
• the extension of the compliance date to March 31, 2021 for the amended guidance to streamline disclosure by underwriters under MSRB Rule G-17 ("Conduct of Municipal Securities and Municipal Advisory Activities") (see coverage here);