The Board of Governors of the Federal Reserve System is seeking public feedback on its proposal to extend the use of two forms, Form MSD-4 and Form MSD-5, for three additional years without any changes. These forms are used by municipal securities dealers associated with banks to manage information about their employees and their employment termination. The Board is interested in comments about the necessity and effectiveness of these forms and how they might lessen the burden on those required to use them. Comments must be submitted by February 21, 2025.
Simple Explanation
The Federal Reserve wants people to share their thoughts on keeping the same forms that help them understand who works in certain bank jobs and when those people leave. They want to know if these forms are still useful and how they can make them easier to fill out.