EMMA provides public access to which of the following types of information?

• A. Official Statements, Preliminary Official Statements, Advance Refunding Documents, Event Notices; and Real Time reporting of municipal bond trades through RTRS and real time reporting of municipal note trades through SHORT
• B. Only Official Statements
• C. Only RTRS data
• D. Only SHORT data

Answer: (A)

EMMA is the MSRB’s public access system, designed to give investors easy, free access to both the disclosure documents issued for municipal securities and the real-time trade data associated with those securities. It includes Official Statements, Preliminary Official Statements, Advance Refunding Documents, and Event Notices, all of which provide critical information about new issues and ongoing disclosures. In addition, EMMA streams real-time trade data for municipal bonds through RTRS and for municipal notes through SHORT, giving investors up-to-the-minute information on trading activity. Because EMMA covers this full spectrum of documents and real-time data, the best answer recognizes that it provides all of these categories, not just a single type.