Federal Register #SR-MSRB-2026-01

SEC Notice: Proposed Amendments to MSRB Rule G-12(c) for Inter-Dealer Municipal Securities Transactions

This notice announces a proposed regulatory change by the Securities and Exchange Commission (SEC) regarding inter-dealer municipal securities transactions: - Government buyer: - Securities and Exchange Commission (SEC) - Municipal Securities Rulemaking Board (MSRB) is the primary regulatory entity involved - OEMs and vendors: - Municipal Securities Rulemaking Board (MSRB) is the main organization referenced - Products/services requested: - No products or services are being procured; this is a regulatory notice seeking public comment - Unique or notable requirements: - Proposed amendments to MSRB Rule G-12(c) affecting confirmation requirements for inter-dealer municipal securities transactions that are ineligible for automated comparison - Focus on codifying, retiring, or revising existing interpretive guidance - Consideration of blockchain-based confirmations as a potential future compliance method - Estimated compliance costs for dealers to update policies and technology - Solicitation of public comments on the proposed regulatory changes

Description

The Securities and Exchange Commission has filed a proposed rule change by the Municipal Securities Rulemaking Board (MSRB) to amend Rule G-12(c). The proposed rule change aims to codify and retire or revise certain existing interpretive guidance related to confirmation requirements for inter-dealer municipal securities transactions that are ineligible for automated comparison. The proposal is part of the SEC's ongoing efforts to update and clarify rules governing municipal securities transactions. Interested parties may review the full text via the provided links and submit comments as per the SEC's procedures.

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