SEC Issues Temporary Stay of Final Rule on Registration of Municipal Advisors (Fed. Reg.)

The SEC published the temporary stay of the final rules regarding municipal advisor registration in the Federal Register. The SEC announced that it is staying temporary Exchange Act Rules 15Ba1-1 ("Definitions") through 15Ba1-8 ("Books and Records to Be Made and Maintained by Municipal Advisors"), Rule 15Bc4-1 ("Persons Associated with Municipal Advisors"), and Forms MA, MA-I, MA-W and MA-NR ("Forms") until July 1, 2014. The stay of the Rules and Forms means that persons are not required to comply with the new registration rules until July 1, 2014.

See: 79 FR 2777.Related news: SEC Delays Date for Compliance with Final Municipal Advisor Registration Rules (January 13, 2014); SEC Issues Interpretive Guidance on Municipal Advisor Registration Rules (January 10, 2014); SEC Extends Expiration Date of Effective Period for Exchange Act Rule 15Ba2-6T (September 23, 2013); SEC Press Release on Its Approval of Registration Rules for Municipal Advisors (September 18, 2013); MSRB Files Amendment to Proposed Rule Change to Rules G-11, G-8 and G-32 (September 9, 2013); SIFMA and GFOA Submit Comments Regarding Proposal to Amend MSRB Retail Order Periods Rules (August 29, 2013); MSRB Notice 2013-18: Market Transparency Advisory (August 12, 2013); MSRB Notice 2013-17: Policy on Issuing Interpretive Guidance (August 8, 2013); SIFMA Proposes "Execution with Diligence" Standard for Munis Trading (with Lofchie Comment) (July 26, 2013).