Letters

MSRB Rule A-3 Changes

Summary

SIFMA provides comments to the Securities and Exchange Commission (SEC) on matters related to the Municipal Securities Rulemaking Board’s (Board) notice of Rule A-3 changes, Release No. 34-62827; File No. SR-MSRB-2010-08. The proposed amendments to Rule A-3 would change the Membership on the Board to comply with the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act). SIFMA generally supports the MSRB’s proposed changes to Rule A-3 and urges the SEC to approve their adoption.  SIFMA recommends that the MSRB should be guided by several principles when recruiting Board members going forward.

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