Document ID: SEC-2013-1781-0001
Agency: sec
Document Type: Notice
Title: Self-Regulatory Organizations; Proposed Rule Changes: Municipal Securities Rulemaking Board
Posted Date: 2013-10-22T04:00Z

[Federal Register Volume 78, Number 204 (Tuesday, October 22, 2013)]
[Notices]
[Page 62780]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-24629]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-70617; File No. SR-MSRB-2013-06]

Self-Regulatory Organizations; Municipal Securities Rulemaking 
Board; Notice of Withdrawal of Proposed Rule Change to Amend MSRB Rule 
A-3, on Membership on the Board, To Modify the Standard of Independence 
for Public Board Members

October 7, 2013.
    On July 3, 2013, the Municipal Securities Rulemaking Board 
(``MSRB'') filed with the Securities and Exchange Commission 
(``Commission''), pursuant to Section 19(b)(1) of the Securities 
Exchange Act of 1934 (the ``Act'') \1\ and Rule 19b-4 thereunder,\2\ a 
proposed rule change consisting of amendments to MSRB Rule A-3 to 
modify the standard of independence for public Board members. The 
proposed rule change was published for comment in the Federal Register 
on July 24, 2013.\3\ The Commission received nine comment letters on 
the proposal.\4\ On September 6, 2013, pursuant to Section 19(b)(2) of 
the Act,\5\ the MSRB granted an extension of time for the Commission to 
act on the filing until October 22, 2013. The MSRB submitted a response 
to comments on September 6, 2013.\6\ On October 4, 2013, the Exchange 
withdrew the proposed rule change (SR-MSRB-2013-06).
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ Securities Exchange Act Release No. 70004 (July 18, 2013), 
78 FR 44607.
    \4\ See letters to Elizabeth M. Murphy, Secretary, Commission, 
from Jeanine Rodgers Caruso, CIPFA, President, National Association 
of Independent Public Finance Advisors, dated August 14, 2013; 
Barbara Roper, Director of Investor Protection, Consumer Federation 
of America, dated August 14, 2013; Kerry Korpi, Director of Research 
and Collective Bargaining, American Federation of State, County and 
Municipal Employees, dated August 14, 2013; Dustin T. McDonald, 
Director, Federal Liaison Center, Government Finance Officers 
Association, dated August 14, 2013; Americans for Financial Reform, 
dated August 14, 2013; Lisa S. Good, Executive Director, National 
Federation of Municipal Analysts, dated August 26, 2013; Gerald 
Gold, dated September 4, 2013; Jeanine Rodgers Caruso, CIPFA, 
President, National Association of Independent Public Finance 
Advisors, dated September 12, 2013; and Dorothy Donohue, Deputy 
General Counsel--Securities Regulation, Investment Company 
Institute, dated September 18, 2013.
    \5\ 15 U.S.C. 78s(b)(2).
    \6\ See letter to Elizabeth M. Murphy, Secretary, Commission, 
from Gary L. Goldsholle, General Counsel, MSRB, dated September 6, 
2013.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\7\
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    \7\ 17 CFR 200.30-3(a)(12).
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Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2013-24629 Filed 10-21-13; 8:45 am]
BILLING CODE 8011-01-P