• News

PFN Letter on FDTA Implementation

Issuer groups of the Public Finance Network (PFN) submit a letter to Treasury and SEC on the Financial Data Transparency Act (FDTA).

Graphic of a financial report with tags illustrating data standards could result in tagging of metadata for financial documents.
Graphic of a financial report with tags illustrating data standards could result in tagging of metadata for financial documents.

On Tuesday, issuer groups of the Public Finance Network (PFN) submitted a letter to the U.S. Securities and Exchange Commission (SEC) and the U.S. Department of Treasury reiterating their interest as stakeholders in the implementation of the Financial Data Transparency Act (FDTA) of 2022. The letter highlights that “Both Subtitle A and Subtitle B… will affect the way governments, entities, authorities and all municipal securities issuers prepare their own financial statements and submit information to the Municipal Securities Rulemaking Board.” It goes onto to argue the importance of stakeholder input and offers assistance in the rulemaking process.

Read Full Letter

Download

More on FDTA

Image of a balance sheet with a calculator and pencil.
Image of a balance sheet with a calculator and pencil.
  • News

Regulators Issue Final Joint Rule for FDTA

The Covered Agencies involved in the implementation of the Financial Data Transparency Act (“FDTA”) have finalized their phase one joint standard setting process.
  • Issue Briefs

Financial Data Transparency Act (FDTA)

Legislation passed at the end of 2022 to apply data standards to information submitted to and managed by several financial regulators, including the MSRB.
  • News

A Busy Year for Muni Advocacy

Where we’ve been in 2025, and what’s ahead in 2026.