MSRB’s Minimum Denomination Rule Filing with the SEC

BDA submitted two comment letters to the MSRB stating that proposed MSRB Rule G-49 should be focused on issuances with ‘minimum authorized denominations’ of $100,000 or greater. The MSRB filed its minimum denomination rule with the SEC in February 2017, but later withdrew the proposal and stated that it would continue to work on amendments to the minimum denomination rule. In September 2017, the BDA will continue the discussion with the MSRB as it considers amendments to MSRB Rule G-15 and will advocate for regulatory alternatives to reduce regulatory burdens in the municipal securities market. Comment Letters can be found here and here.

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