Editor's Note: The following is the text of remarks by Christopher Taylor, executive director of t managers of regional municipal underwriting firms. The remarks were made at a closed-door meeting he firms can implement the MSRB's curbs on political contributions. The meeting, sponsored by the Publi of 51 regional underwriting firms and dealer banks.

I have several things I want to accomplish today in making my remarks. First, I went to give you a brief overview of Rule G-37 related to political contributions. Second, I want to point out a feature of the rule that will require you to begin immediately drafting compliance procedures and a reason to consider adopting the principles agreed to by a number of large dealers on Oct. 18. And, last, but not least, I want to put the Board's action in perspective.

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