MSRB Makes ABLE Documents Available on EMMA
6/27/2016
NASACT
Monday, June 27, 2016
by: NASACT

Section: Washington Update




The Municipal Securities Rulemaking Board has announced that offering documents about securities established by states under the Achieving a Better Life Experience Act of 2014 (ABLE Act) will now be available on the MSRB’s Electronic Municipal Market Access, or EMMA, website. The ABLE Act allows states to establish tax-advantaged savings vehicles that support individuals with disabilities in maintaining health, independence and quality of life. ABLE offering documents will be made available on EMMA both voluntarily by states and per MSRB regulations by municipal securities dealers involved in the primary offering of ABLE programs.
 
The program disclosure booklet for Ohio’s ABLE program is now on EMMA. Commenting on the new documents posted by Ohio, MSRB Executive Director Lynnette Kelly stated:
 
“We are very happy to see that the first ABLE disclosure document was filed voluntarily by a state. To promote a fair and transparent municipal securities market, we look forward to making all ABLE program disclosure booklets widely available to the public on EMMA.”
 
The EMMA website is the MSRB’s official repository for information on virtually all municipal securities, including municipal fund securities. EMMA provides free public access to official disclosures, trade data, credit ratings, educational materials and other information about the municipal securities market.
 
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