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