Groups Agree to Share Expenses for Central Post Office

Hume, Lynn
April 2003
Bond Buyer;4/8/2003, Vol. 344 Issue 31610, p5
Trade Publication
Issuers, dealers, and investors have agreed conceptually to share the costs of developing and operating the central post office facility or repository, panel participants have said in Miami, Florida on April 7, 2003 at a meeting of corporate trust officials. The Muni Council, a coalition of more than 20 municipal market groups working together to improve secondary market disclosure, agreed in 2002 to make efforts for the creation of a central post office facility or repository that would serve as a one-stop filing place for issuers and eliminate the inconsistencies of the disclosure filings at the four existing nationally recognized municipal securities information repositories. The central post office facility would electronically receive disclosure documents from issuers and then simultaneously distribute those documents to the four NRMSIRs.


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