Senate Banking Committee Hearing - NAHEFFA has submitted here the testimony to the Senate Banking Committee in support of legislation which would liberalize rules restricting muni purchases by mutual funds. This has resulted in a significant decline in MMF municipal bond purchases. Today, GFOA is testifying in support of the legislation and also will note the benefits of liberalizing the bank qualified rules.
MSRB Guidance on Financial Advisors in Conduit Financings - In response to our criticism of the lack of clarity in the guidance MSRB issued last year on conduit financing and the role of municipal advisors, the MSRB has designated new Chief Regulatory Officer Lanny Schwartz with the task of working with us to revisit the guidance. Recently the Board finalized FAQs regarding rule G- 42 relating to municipal financial advisors and footnoted the existence of our previous guidance, indicating it remains applicable. It will be useful to learn from members how if at all they have revised the use of financial advisors for themselves or their borrowers.
MSRB Notice - MSRB Answers Frequently Asked Questions Regarding MSRB Rule G-42 and Making Recommendations
MSRB Guidance on Financial Advisors in Conduit Financings - In response to our criticism of the lack of clarity in the guidance MSRB issued last year on conduit financing and the role of municipal advisors, the MSRB has designated new Chief Regulatory Officer Lanny Schwartz with the task of working with us to revisit the guidance. Recently the Board finalized FAQs regarding rule G- 42 relating to municipal financial advisors and footnoted the existence of our previous guidance, indicating it remains applicable. It will be useful to learn from members how if at all they have revised the use of financial advisors for themselves or their borrowers.
MSRB Notice - MSRB Answers Frequently Asked Questions Regarding MSRB Rule G-42 and Making Recommendations
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