MSRB-Proposed Rule Regarding Assessments for Municipal Advisor Professionals (Fed. Reg.)

The new MSRB Rule A-11 establishes an annual municipal advisor professional fee. The MSRB stated that this fee would help "defray" the costs and expenses of operating and administering the MSRB, including the increased costs associated with the regulation of municipal advisors. Although this rule was deemed noncontroversial by the SEC and thus is immediately effective, comments must be submitted by May 22, 2014.

See: 79 FR 24798.Related news: MSRB Proposes Rule Change to Establish Fees for Municipal Advisors (Notice 2014-09) (April 17, 2014).To stay up-to-date on all MSRB rule filings, please see the Cabinet MSRB Rule Calendar (accessible to Cabinet subscribers only).