Changes to MSRB Rules G-8 (books and records) and G-34(c) (on variable rate security market information) take effect on Monday, 5/16.  These changes are aimed at increasing transparency, by enhancing the interest rate and descriptive information currently collected from dealers and made transparent by the MSRB on municipal Auction Rate Securities (“ARS”) and Variable Rate Demand Obligations (“VRDOs”) by adding to the information currently collected and publicly disseminated from the MSRB Short-term Obligation Rate Transparency (“SHORT”) System documents that define auction procedures and interest rate setting mechanisms for ARS and liquidity facilities for VRDOs, as well as ARS bidding information and additional VRDO information.

        MSRB Staff Contacts.   Questions about testing the SHORT System should be directed to the Market Information Help Desk at 703-797-6668.  Other questions about this notice may be directed to Justin Pica, Director-Uniform Practice Policy at 703-797-6716.  

For further details, go to:   [MSRB NOTICE 11-23, 4/21/11]