MSRB Long-Range Plan for Market Transparency Products
3.4 Provide through EMMA services that facilitate issuer communication to the market
Goal 4: Ensure that the submission of information and documents to MSRB systems is efficient.
4.1 Utilize the principals of straight-through processing and incorporate timeframes for
making submissions that are consistent across rules and logical with respect to market
practices
4.2 Ensure business rules and system logic for MSRB systems reflect changing market
practices and new products
Goal 5: Serve as a reliable and relevant source of market data and statistical information.
5.1 Provide meaningful and appropriate municipal market data and statistical information
through analysis and disseminate such data in a manner that effectively communicates it to
appropriate market participants
5.2 Facilitate access to and offer analysis of market data to policymakers, academics and other
appropriate third parties
Goal 6: Foster compliance with and provide tools for enforcement of MSRB rules and federal
laws.
6.1 Collect information and documents that allow for monitoring market activity and in a
manner that allows for ready extraction of data and timely creation of custom reports
6.2 Implement mechanisms for detection of data quality-based violations of MSRB rules
6.3 Sanction regulated parties for data quality-based violations of MSRB rules
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