On January 10, SEC announced that the Office of Municipal Securities has issued interpretive guidance relating to the implementation of final rules requiring municipal advisors to register with the SEC.  In addition, on January 13, SEC announced that compliance with the new final municipal advisor rules will not be required until July 1, 2014.  The effective date had been January 13, 2014.  Interpretive Guidance.  Municipal Advisor Registration FAQs.  SEC Release (Compliance Date).  SEC Final Rule.