MSRB Releases Outline for First Qualification Exam for Municipal Advisor Professionals
The MSRB released its content outline for the first qualifying examination for individuals who wish to provide municipal advisory services to state and local governments.
The outline includes topics that will be covered in the examination, as well as sample questions and a list of reference materials to assist municipal advisor professionals in preparing for the Municipal Advisor Representative Qualification Examination. According to the MSRB, this is the first time that municipal advisors will be required by a regulatory organization to demonstrate competence in their field.
All municipal advisor representatives and principals will be required to pass the new exam, which is called the Series 50 examination, within one year of its launch. The MSRB stated that it expects to launch the permanent exam in 2016 and will administer a pilot exam this fall for those municipal advisor professionals who volunteer to participate.
To help municipal advisors prepare for the exam, the MSRB has scheduled a webinar at 3:00 p.m. on June 11, 2015 to review the content outline, provide more information about participating in the pilot and discuss the administration of the exam.