MSRB Optional Disclosure of Pre-Sale Documents to EMMA

On May 23, MSRB announced that municipal securities issuers may provide pre-sale documents for new bond issues directly to the public through the Electronic Municipal Market Access (EMMA) system. Issuers and other obligated persons may also voluntarily provide information concerning the timing and accounting standard used to prepare annual financials. Voluntary submissions will not relieve issuers from any submission obligations under MSRB rules. MSRB Release.