MSRB Accepting Municipal Asset-Backed Securities Disclosures on EMMA

Alexandria, VA – The Municipal Securities Rulemaking Board (MSRB) today announced that its Electronic Municipal Market Access (EMMA®) service would begin collecting and disseminating disclosures related to municipal asset-backed securities required under the Securities and Exchange Commission’s (SEC) Rule 15Ga-1 on January 9, 2015. Read the regulatory notice.

The changes facilitate a requirement adopted by the SEC that seeks to benefit investors by making these disclosures readily available on the EMMA website, which houses disclosures and trade data for virtually all municipal securities. EMMA search functionality, email alerts generated upon the posting of a disclosure for a specific security and email reminders about recurring disclosure obligations for submitters will be updated to reflect submissions of ABS disclosures.

Also on January 9, 2015, the MSRB will provide updated documentation for submitters of and subscribers to continuing disclosures reflecting the new category of disclosure that will be accepted by EMMA.