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The MSRB published investor education materials on mark-up and mark-down disclosures that will be required in certain municipal securities trade confirmations.
within Intellectual Property, Food, Drugs, Healthcare, Life Sciences and Transport topic(s)
The MSRB published investor education materials on
mark-up and mark-down disclosures that will be required in certain
municipal securities trade confirmations. The new materials - which
follow
recently updated FAQs - provide additional guidance for
complying with new rules scheduled to take effect May 14, 2018.
The new materials address amendments to (i) MSRB Rule
G-15, which will require dealers to disclose more information
on retail customer confirmations for principal transactions, and
(ii) MSRB
Rule G-30, which provides guidance on the determination of the
prevailing market price for the purpose of determining mark-ups and
mark-downs. The rule amendments are intended to improve cost
transparency for municipal security transactions.
The resources are available at the MSRB's free online
Education Center.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
