Posts tagged compliance deadlines.
On April 9, the Municipal Securities Rulemaking Board (“MSRB”) filed with the SEC a temporary rule change that waived certain late fees and delayed some key compliance deadlines.
Municipal securities dealers and municipal advisors are required to inspect each office of supervisory jurisdiction annually and to conduct annual testing, review and executive-management certification of their systems of supervisory controls and compliance. See MSRB Rules G-27(b)(vi), 27(f)(i) and G-44(d). The rule change provides that those functions will be “deemed” timely completed ...