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The MSRB proposed amendments to the content outline for the Series 54 examination and selection specification. As previously covered, the MSRB intends to make the Series 54 examination permanent beginning on November 12, 2019. The proposed amendments were filed with the SEC and are effective now.
Municipal advisor principals must pass the Series 54 examination in order to qualify to engage in the management, direction or supervision of municipal advisory activities. The changes will, among other things:
- incorporate MSRB Rule G-40;
- clarify that 70 percent and above is a passing score for the examination;
- update the sample questions; and
- make technical changes to better explain the topic descriptions.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
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