Many See a Banner Year Ahead for Muni Regulation

The coming year could herald the most significant regulatory changes in the municipal securities market in more than 35 years.  At the very least, market participants say, 2012 should bring much-needed regulatory clarity.  As regulators fulfill their Dodd-Frank mandates to oversee municipal advisors, including the Securities and Exchange Commission’s permanent muni advisor registration rule and definition, Congress is expected to weigh a potentially expanded role for the SEC, including direct authority over the timing and content of issuers’ primary and secondary market disclosure.

- Bond Buyer