MSRB examines muni adviser fees, public pension obligation disclosures

By Susanna Moon

Chicago, Jan. 31 - The Municipal Securities Rulemaking Board said it addressed municipal adviser fees and disclosures of public pension plan obligations at its quarterly board of directors meeting Thursday and Friday in San Diego.

The MSRB said it continues to work on developing a fair and equitable regulatory fee structure for advisers.

The industry regulatory organization said it also is evaluating the implications for the municipal securities market of public pension fund obligations and associated disclosures to investors.

The board also agreed to expand on its existing historical data subscription products to also offer individual historical data and document subscription products under its primary market, continuing disclosure and short-term data subscription services.

The new historical services will be available in the coming year.

All documents and data contained in these services are available on the MSRB's Electronic Municipal Market Access website for free on an individual security basis.

The new historical subscriptions will allow vendors and other high-volume users to populate data libraries with all of the data and documents collected by the MSRB since the inception of the services or by individual years.

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