MSRB Files Series 52 Revisions with SEC

Date: October 26, 2010

Contact: Jennifer A. Galloway, Chief Communications Officer
             (703) 797-6600


Alexandria, VA – The Municipal Securities Rulemaking Board (MSRB) today announced that it has filed with the Securities and Exchange Commission (SEC) a proposal to expand its qualifying examination for municipal securities representatives and change the associated study outline. If approved by the SEC, the changes are effective January 3, 2011.

The MSRB’s Series 52 exam qualifies municipal professionals to engage in the full complement of municipal securities activities as municipal securities representatives. The MSRB’s proposed changes increase the length of the Series 52 exam and revise the study outline to add product detail, eliminate redundancies and update terms used in the outline.

Read the full MSRB notice detailing the changes and access the revised outline.

The MSRB protects investors, state and local governments and other municipal entities, and the public interest by promoting a fair and efficient municipal securities market. The MSRB fulfills this mission by regulating the municipal securities firms, banks and municipal advisors that engage in municipal securities and advisory activities. To further protect market participants, the MSRB provides market transparency through its Electronic Municipal Market Access (EMMA®) website, the official repository for information on all municipal bonds. The MSRB also serves as an objective resource on the municipal market, conducts extensive education and outreach to market stakeholders, and provides market leadership on key issues. The MSRB is a self-regulatory organization governed by a 21-member board of directors that has a majority of public members, in addition to representatives of regulated entities. The MSRB is overseen by the Securities and Exchange Commission and Congress.