Upon customer request, a dealer in a competitive municipal syndicate must disclose:. A. the spread taken by the underwriters
B. order priority provisions
C. names of syndicate members
D. name(s) of the person(s) from whom orders have already been received

B. order priority provisions

Explanation:

When investors want to purchase municipal bonds in the primary markets, it is important for the issuer to prioritise orders from investors in a bond offering.

The underwriter must follow the issuer's priority of orders in allocating purchase orders for municipal bonds.

So in a competitive municipal syndicate when a customer asks for order priority provisions, it must be provided by the dealer.

This shows transparency of the process to the investor as he now knows when each order will be filled.

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