Regulatory Update: MSRB Announces the Effective Date of new Municipal Advisor Advertising Rules

The MSRB announced the effective date for amendments to MSRB Rule G-21 regarding advertising by municipal securities brokers and dealers as well as new MSRB Rule G-40, regarding advertising by municipal advisors (the “advertising rules”).  The effective date is now set for August 23, 2019.   

Note that the MSRB also amended the advertising rules regarding the supervisory pre-approval requirements to interactive marketing content and published FAQs on social media.  These rule aspects and guidance will also be incorporated into updated policies and procedures.

Read the notice. – https://msrb.org/~/media/Files/Regulatory-Notices/Announcements/2019-07.ashx?la=en

Read the FAQs. – https://msrb.org/~/media/Files/Resources/FAQs-on-Use-of-Social-Media-under-MSRB-Advertising-Rules.ashx?la=en

Read the rule filing. – https://msrb.org/~/media/Files/SEC-Filings/2019/MSRB-2019-05.ashx