MSRB Provides Instructions on Utilizing EMMA for Voluntary Disclosure of Private Bank Loans and Purchases

    View Authors April 2012
    MSRB Notice 2012-18 asks municipal issuers and other obligated persons to post information on EMMA regarding their private bank loan obligations or other non-publicly offered securities. The purpose of sharing the information is transparency which promotes a fair and efficient market. The MSRB provides guidance on voluntary disclosure, in advance of expected improvements to the disclosure platform to facilitate voluntary postings.