WASHINGTON -- The Municipal Securities Rulemaking Board yesterday unveiled a draft proposal that would require ongoing training programs to keep representatives of brokers up to date on municipal market regulations and procedures.

The MSRB wants industry comments by Oct. 15 on a draft amendment to Rule G-3, which covers continuing education in the bond industry. The board plans to adopt the final version of the amendment by November and expects approval by the Securities and Exchange Commission in January, the board said in the August issue of MSRB Reports.

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