Access Equals Delivery 2017-05-26T08:57:54+00:00

Access Equals Delivery

This paper written by Gregg Bienstock in October of 2014 covers municipal Time-of-Trade Disclosure for primary market offerings. Register below to download the full article.

It is well established that providing access to or actual delivery of the Official Statement satisfies MSRB Rule G-32 regarding Disclosures in Connection with Primary Offerings – Access Equals Delivery. However, delivery of the OS does not satisfy the new Time-of-Trade Disclosure Rule, MSRB Rule G-47, for primary market offerings.