Document ID: SEC-2011-1469-0001
Agency: sec
Document Type: Notice
Title: Self-Regulatory Organizations; Proposed Rule Changes: Municipal Securities Rulemaking Board; Notice of Withdrawal of Proposed Rule Change, etc.
Posted Date: 2011-09-30T04:00Z

[Federal Register Volume 76, Number 190 (Friday, September 30, 2011)]
[Notices]
[Page 60952]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-25188]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-65394; File No. SR-MSRB-2011-10]

Self-Regulatory Organizations; Municipal Securities Rulemaking 
Board; Notice of Withdrawal of Proposed Rule Change Consisting of 
Amendments to MSRB Rule G-20 (Gifts and Gratuities) and Related 
Amendments to MSRB Rule G-8 (Books and Records) and MSRB Rule G-9 
(Preservation of Records), and To Clarify That Certain Interpretations 
by the Financial Industry Regulatory Authority and the National 
Association of Securities Dealers Would Be Applicable to Municipal 
Advisors

September 26, 2011.
    On August 16, 2011, the Municipal Securities Rulemaking Board (the 
``MSRB'') filed with the Securities and Exchange Commission (the 
``Commission'') a proposed rule change pursuant to Section 19(b)(1) of 
the Securities Exchange Act of 1934 \1\ and Rule 19b-4 thereunder,\2\ 
consisting of proposed amendments to MSRB Rule G-20 (on gifts and 
gratuities), which would apply the rule to municipal advisors, along 
with related proposed amendments to Rule G-8 (on books and records) and 
Rule G-9 (on preservation of records), and to clarify that certain 
interpretations by the Financial Industry Regulatory Authority 
(``FINRA'') of its gifts rule (FINRA Rule 3220) and its predecessor, 
the National Association of Securities Dealers (``NASD''), of its gift 
rule (NASD Rule 3060), would be applicable to municipal advisors. 
Notice of the proposed rule change was published in the Federal 
Register on September 7, 2011.\3\ The Commission received one comment 
letter on the proposed rule change.\4\ On September 9, 2011, the MSRB 
withdrew the proposed rule change (SR-MSRB-2011-10).\5\
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ See Securities Exchange Act Release No. 65234 (August 31, 
2011), 76 FR 55449.
    \4\ See letter to Elizabeth M. Murphy, Secretary, Commission, 
from Joseph J. Connolly, Counsel, The PFM Group, dated August 23, 
2011.
    \5\ See MSRB Notice 2011-51 (September 12, 2011).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\6\
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    \6\ 17 CFR 200.30-3(a)(12).
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Elizabeth M. Murphy,
Secretary.
[FR Doc. 2011-25188 Filed 9-29-11; 8:45 am]
BILLING CODE 8011-01-P