This morning, the MSRB released requests for comment on two fair pricing proposals, including one to streamline municipal securities dealers’ existing fair pricing obligations and one on whether to require the use of specific procedures designed to promote fair pricing (known as “best execution”). A copy of the press release and links to the concept release is available [here].
Comments on the consolidation of existing fair pricing rules are due by September 20, 2013. Comments on the best-execution concept release should be submitted to the MSRB no later than October 7, 2013.
BDA will be working with members to develop responses to these proposals.