MSRB Proposes to Amend Fees Charged for Qualification Examinations (Notice 2015-05)

The MSRB published a notice to inform firms of a rule change that it submitted to the SEC. The change increases the development fee for MSRB professional qualification examinations from $60 to $150.

The proposal, amends MSRB Rule A-16 and is effective immediately. The MSRB stated that individuals who register for an MSRB-owned exam on or after April 1, 2015 will be charged the new rate.

See: MSRB Regulatory Notice 2015-05.Related news: MSRB to Amend Its Rules to Create Professional Qualification Standards for Municipal Advisors (Notice 2015-04) (March 2, 2015); SEC Approves MSRB Proposal to Create Professional Qualification Standards for Municipal Advisors (Fed. Reg.) (March 4, 2015).