The BDA filed a comment letter in response to the MSRB’s revised draft rule amendments and a revised draft interpretive notice on Retail Order Periods. In the letter, the BDA reiterated its support for the revised Notice, but remains concerned that as written, it will impose a costly, unreasonable and unnecessary burden on Dealers, stating “[t]here is no reason for the Rule to unconditionally require the delivery of potentially voluminous amounts of information to issuers who should have the freedom to determine the specific requirements of the retail order period for themselves.
You can find the full comment letter [here.]
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