MSRB meeting to discuss rate card request

The Municipal Securities Rulemaking Board will hold its first board meeting of the FY 2025 on Oct. 23-24, kicking off the new fiscal year with plans to discuss issuing a new request for information on the MSRB’s rate card and fee-setting process and potential modifications to it.

The meeting will be the first under the direction of Warren “Bo” Daniels, who took over from Meredith Hathorn after her two years as chair earlier this month.

This move to engage the market about its own fee-setting process comes after the board held two separate stakeholder meetings to engage the market about its budget.

The upcoming board meeting will also discuss changes to the rule book, including updates on its initiatives to update Rule D-15, which defines the sophisticated municipal market professional. 

The board will also discuss Rule A-12 on registration that would enhance information related to bank dealer associated persons. The board requested comment earlier this year on a proposal that dealers said would level the playing field for those already required to do so.

Rule G-27 on supervision will also be discussed, specifically related to industry feedback the board received in connection with remote supervisory obligations.

The board will also receive an update on the modernization efforts around its EMMA platform, “including a demonstration of stakeholder driven updates that will enhance the user interface and experience on EMMA, as well as preview a newly redesigned EMMA website which is scheduled to be launched before the end of 2025,” the MSRB said.

The meeting will also mark the debut of three new board members that join for fiscal 2025: Ahmed Abonamah, former chief financial officer and finance director for Cleveland; Daniel Wiles, assistant treasurer and tax collector of Los Angeles County; and Heather E. Grzanka an executive director at JPMorgan Chase.