Municipal Securities Rulemaking Board

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About EMMA

Continuing Disclosure

Issuers of municipal securities and entities working on their behalf disclose material information to the marketplace such as annual financial information and event notices. In December 2008, the Securities and Exchange Commission directed the Municipal Securities Rulemaking Board to establish a continuing disclosure service of the MSRB’s Electronic Municipal Market Access (EMMA) system effective July 1, 2009. The continuing disclosure service of EMMA collects continuing disclosure documents from the issuer community and makes them available to the public for free through EMMA.

For more information on the continuing disclosure service of EMMA, please click below.

Understanding Continuing Disclosure
FAQs About Continuing Disclosures on EMMA (PDF)

Information for Issuers, Obligated Persons and Agents

EMMA's continuing disclosure service accepts electronic submissions of continuing disclosure documents and related information from issuers, obligated persons and their agents according to continuing disclosure undertakings entered into consistent with Exchange Act Rule 15c2-12. After July 1, 2009, issuers or obligated parties file these documents with EMMA and will no longer need to file documents at multiple Nationally Recognized Municipal Securities Information Repositories.
Register to Submit Documents

For more information click the links below.

Read About Confirmation (PDF)
Watch a Short Video About Submitting Continuing Disclosure Documents
Manual for Continuing Disclosure Submission on EMMA (PDF)
Read About Submission Enhancements as of 02/26/2010 (PDF)

Glossary of Terms

View the MSRB's industry-standard Glossary of Municipal Securities Terms.

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©2013 Municipal Securities Rulemaking Board (MSRB)

EMMA is a service of the Municipal Securities Rulemaking Board,

which protects investors, state and local governments, and the public interest.

Portions of EMMA data provided by Standard & Poor’s Securities Evaluations, Inc.,
CUSIP Service Bureau & American Bankers Association.
Copyright © 2013, Standard and Poor’s Financial Services LLC. All rights reserved.
Copyright © 2013 Fitch, Inc. Reprinted with permission.

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