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The Securities and Exchange Commission has announced that the Municipal Securities Rulemaking Board (MSRB) filed a proposed rule change to extend the compliance date for changes to Form G-32. Originally set for March 31, 2021, the compliance deadline has been moved to August 2, 2021, giving brokers and dealers more time to adapt to the updates due to ongoing COVID-19 disruptions. The proposed change is considered "noncontroversial," thus it becomes effective upon filing. The MSRB believes this extension will help brokers and dealers better allocate resources to implement new compliance processes and training.

The Securities and Exchange Commission has requested an extension from the Office of Management and Budget for approval of collecting information as outlined in Rule 17f-2(d). This rule mandates that entities like brokers and dealers keep fingerprint records of their employees to help identify security risks and prevent hiring individuals with criminal records. The records must be retained for at least three years after employment ends. Approximately 3,900 entities are subject to these requirements, maintaining a combined total of about 8,840 hours of recordkeeping each year, with an estimated annual cost of $39,000 in storage fees.