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The Bond Buyer

Market expects SEC to narrow its disclosure proposal

PHOENIX - Muni market participants expect the Securities and Exchange Commission to narrow its proposal to add new material event notice disclosures for bank loans and other alternatives to tax-exempt bonds after receiving many critical comments that it was too broad and would be overly burdensome.

The SEC proposed the amendments to its Rule SEC 15c2-12 in March and took public comments on them until mid-May.

Tim Holler