The requirement that the NRO or not reoffered designation not be used without also including the applicable price or yield information is an amendment to MSRB Rule G-34 on new issues and market information requirements. This new requirement, which becomes effective November 1, 2012, will apply to any written communication sent at or after the time an issuer accepts the terms of the new issue of municipal securities from an underwriter.
For the MSRB’s Press Release, click [here.]
The BDA submitted a comment letter to the MSRB upon its filing of proposed changes to MSRB Rule G-34 and you can find that letter [here.]
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