Board Advisory Groups

In response to stakeholder feedback and the value of previous advisory groups in support of the MSRB’s work and its mission, the MSRB Board of Directors in FY2020 established two specialized Board advisory groups, consisting of qualified individuals representing diverse market perspectives and organizations. The groups provide subject-matter expertise to the Board on certain municipal securities market matters. Each advisory group has Board member liaisons who help oversee advisory group activities. A standing Professional Qualifications Advisory Committee advises the Board on development of the MSRB’s professional qualification examinations. 

Compliance Advisory Group

The Compliance Advisory Group provides input to the Board on the development of compliance resources and tools for brokers, dealers and municipal securities dealers and municipal advisors, such as checklists, sample templates, rule summaries and other educational material to enhance their understanding of MSRB rules and to assist their efforts in developing a compliance program reasonably designed to achieve compliance with MSRB rules. Dealers and municipal advisors are key intermediaries in the municipal securities market, and the MSRB, through the Compliance Advisory Group, seeks the input and expertise of these market professionals to help identify those areas where compliance clarification and assistance is warranted and will be most impactful. View a list of FY 2020 members.

Board Member Liaisons

Donna Simonetti, Chair 
Dan Kiley
Sonia Toledo

Municipal Fund Securities Advisory Group

The Municipal Fund Securities Advisory Group provides input to the Board on municipal market rules, practices and educational materials regarding 529 savings plans and programs designed to implement the Stephen Beck, Jr. Achieving a Better Life Experience (ABLE) Act of 2014. The Municipal Fund Securities Advisory Group provides technical support and other assistance in refining the data the MSRB collects about 529 plans and ABLE programs. View a list of FY 2020 members.

Board Member Liaisons
Joe Darcy, Chair
Manju Ganeriwala 
Thalia Meehan

Professional Qualifications Advisory Committee

The Professional Qualifications Advisory Committee (PQAC) advises the Board on development of the MSRB’s professional qualification examinations in accordance with the Standards for Educational and Psychological Testing. The Committee is composed of two subcommittees, each with 10­-15 municipal market practitioners representing a cross-section of the industry and possessing specific industry expertise. The subcommittees meet throughout the year to review municipal market content that should be included within industry examinations and to ensure the material is consistent with the regulatory requirements and job responsibilities of municipal market professionals. The subcommittees are also responsible for drafting and revising examination questions.

 

 


Contact

Leah Szarek
Director, Communications
lszarek@msrb.org
202-838-1500