Welcome to Your Regulatory Window
The federal government, through the Securities and Exchange Commission (SEC) and the Internal Revenue Service (IRS), along with industry groups, such as the Municipal Securities Rulemaking Board (MSRB), regulates municipal bond market participants. Through the adoption of regulations and “Rules,” private sector industry participants establish practices which directly or indirectly affect bond issuers.
The Dodd-Frank Wall Street Reform Act established the legal framework for sweeping industry changes. Given the Act’s magnitude, the SEC and the MSRB continue to interpret and craft regulations to implement the new law. Draft and final regulations and Rules prompt the industry participants to interpret their meanings and applications, as well as determine how best to adapt their practices to ensure compliance. While considerable work has been done, much more regulatory work remains. Evolving interpretations and business practice changes are ongoing.
Your Regulatory Window provides you with a library of actual regulations, interpretations and evolving business practices to use as a reference for your new compliance responsibilities. Your Regulatory Window also provides links to regulatory and professional websites that will help you stay up to date with the constantly changing regulations, interpretations of Rules and business practices development.
We invite you to contact us to discuss any aspects of this new regulatory environment and how your entity can most effectively ensure its compliance.
Summary Interpretative Information:
“How You Can Know if You Need an IRMA” - Springsted Investment Advisors
Springsted Municipal Advisor - An Issuer's Guide Article 2014 - Springsted Municipal Advisors
Securities Exchange Commission (SEC) Regulations:
Web Site: www.sec.gov
Internal Revenue Service (IRS):
Web Site: www.irs.gov
Municipal Securities Rulemaking Board (MSRB) Rules:
Web Site: www.msrb.org
Goverment Finance Officers Association (GFOA):
Web Site: www.gfoa.org
Industry and Professional Groups:
Watch for new information on Your Regulatory Window