EMMA, the Electronic Municipal Market Access website, now allows issuers to voluntarily share bank loan disclosure information online.
EMMA was created by the MSRB to give investors online access to official statements for municipal bonds, as well as other disclosure documents. By adding the ability for issuers to share bank loan disclosure information, the MSRB is helping to provide investors with more transparency and more information with which to approach the municipal market.
The information can be posted on the issuer’s customized homepage. Getting it displayed is a two-step process. First, the issuer must submit the bank loan disclosure via the EMMA Dataport Submission Portal. Once the information is submitted, it can be published on the Customized Issuer Homepage by using the Issuer Dashboard.
Investors will find bank loan disclosures and other documentation under the Continuing Disclosure tab on the issuer’s customized homepage.
EMMA is covered on the Series 7, 50, 51, 52, and 53 exams. For more information about EMMA and the services it provides, please visit: http://emma.msrb.org/aboutemma/overview.aspx