SEC defers decision on MSRB's 529 data collection proposal

The SEC has expressed concerns relating to the MSRB's proposed data collection proposal (proposed MSRB Rule G-45) for underwriters of 529 plans, and has initiated a process for a period of additional consideration and public comment ("disapproval proceeding"). The comment period is 45 days, with an additional 15 days to rebut submitted comments.

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