MSRB will launch tool to help muni-securities issuers

The Municipal Securities Rulemaking Board is striving to help municipal securities issuers with their financial disclosures to the board's EMMA website. The MSRB is rolling out a tool intended to help issuers keep track of disclosure dates. However, some market participants are raising concerns about the tool and whether it will cause a problem between MSRB and Digital Assurance Certification. DAC sued the Texas Municipal Advisory Council, which operated a disclosure system used previously, partially because the system alerted issuers who faced disclosure deadlines.

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