Alert September 25, 2012

SEC Further Extends Temporary Registration Program for Municipal Advisors

The SEC issued an order amending interim final temporary Rule 15Ba2-6T under the Securities Exchange Act of 1934 to extend the Rule’s sunset provision until September 30, 2013.  The former deadline was September 30, 2012.  Rule 15Ba2-6T provides a transitional means for municipal advisors to satisfy the registration requirements introduced by the Dodd-Frank Act until the SEC can implement a permanent registration program.  The extension does not otherwise affect the Rule or related Form MA-T.