Securities and Exchange Commission
Document Headings Document headings vary by document type but may contain the following: the agency or agencies that issued and signed a document the number of the CFR title and the number of each part the document amends, proposes to amend, or is directly related to the agency docket number / agency internal file number the RIN which identifies each regulatory action listed in the Unified Agenda of Federal Regulatory and Deregulatory Actions See the Document Drafting Handbook for more details. Securities and Exchange Commission [Release No. 34-106393; File No. SR-MSRB-2026-04] September 16, 2026. I. Introduction On July 27, 2026, the Municipal Securities Rulemaking Board (“MSRB”) filed with the Securities and Exchange Commission (“SEC” or “Commission”), pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (“Act” or “Exchange Act”)  [ 1 ] and Rule 19b-4 thereunder, [ 2 ] a proposed rule change to amend MSRB Rule G-27 (“Rule G-27”), on supervision, to (i) exclude certain public finance activities from the term “structuring of public offerings or private placements” as used within MSRB Rule G-27, (ii) extend the length of the exclusion for non-primary residences from municipal branch office designation, and (iii) make a technical update to the title of MSRB Rule G-27 (collectively, the “proposed rule change”). [ 3 ] The MSRB will announce the operative date of the proposed rule change in a regulatory notice to be published on the MSRB website no later than 30 days following Commission approval. [ 4 ] The compliance date would be no earlier than 90 days and no later than 180 days following Commission approval. [ 5 ] The proposed rule change was published for comment in the Federal Register on August 4, 2026. [ 6 ] The Commission received four comment letters  [ 7 ] on the proposed rule change. On September 2, 2026, the MSRB responded to the comme…
Citation: 91 FR 59828
