MSRB Remote Office Inspection Relief

On May 2, MSRB proposed to extend remote office inspection relief.

  • MSRB amended MSRB Rule G-27 to extend remote inspections through Jun. 30, 2024.
  • Amended MSRB Rule G-16 to delete relief for initiation of periodic compliance exams.
  • Follows previous request for inspection relief, most recently to Jun. 30, 2023, #92931.
  • Relief Provisions
  • Brokers, dealers, and municipal securities dealers may conduct office inspections due to be completed during the calendar year 2023 remotely through Dec. 31, 2023.
  • Inspections completed for 2024 may be conducted remotely through Jun. 30, 2024.
  • Deleted Supplementary Material .01 (temporary relief for exams) in MSRB Rule G-16.
  • Which provided temporary relief for the initiation of periodic compliance examinations.
  • Amendments deleting supplementary material would become effective on Jul. 1, 2023.
  • Effectiveness
  • On Apr. 27, 2023, MSRB proposed to extend regulatory relief for remote inspections.
  • On May 2, 2023, SEC approved MSRB proposal for relief with immediate effectiveness.
  • May. 2023 Fed Reg Approval
  • On May 8, 2023, SEC published approval of MSRB proposal in the federal register.

Regulators MSRB
Entity Types B/D; Bank; Corp; Muni
Reference 88 FR 29774, 5/8/2023; SEC RF 34-97423, 5/2/2023; RF MSRB-2023-04, Nt 2023-04, 4/27/2023; Citation: *MSRB Rule* G-27, G-16;
Functions Compliance; Exams; Financial; Operations; Reporting
Countries United States of America
Products Banking; Corporate; Fixed Income; Municipal; Securities
Regions Am
Rule Type Final
Rule Date 5/2/2023
Effective Date 5/2/2024
Rule Id 171635
Linked to Rule :92931
Reg. Last Update 5/8/2023
Report Section US Investment

Last substantive update on 05/11/2023