MSRB asks SEC to approve rules on voluntary disclosures

04/15/2009 | Bond Buyer (subscription required), The

Issuers would be allowed to voluntarily file nonrequired financial or operating data as well as event-based disclosures through Electronic Municipal Market Access under rules proposed by the Municipal Securities Rulemaking Board. The board asked the Securities and Exchange Commission to approve the changes and hopes to begin accepting the voluntary disclosures by July 1. "Today's filing adds yet another dimension to the MSRB's commitment to put information in the hands of investors," said Ernesto Lanza, MSRB general counsel. "We think that accepting voluntary disclosures by issuers that choose to provide them will create even more robust resources on EMMA for municipal-bond investors."

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