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MSRB asks SEC approval to collect 529 plan data

(July 1, 2013) - The Municipal Securities Rulemaking Board (MSRB) has submitted its proposal for new Rule 45 that would require underwriters of 529 savings plans to submit plan data to MSRB on a semi-annual basis. Performance data would be submitted on an annual basis.

The new rule would become effective one year following its approval by the SEC. MSRB intends to use the data in its role as regulator to better understand the 529 industry, and will not immediately publish the data.

For more information, click here.

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