The MSRB filed a proposed rule change to amend MSRB Rule G-3 regarding the professional qualification requirements for broker-dealers, municipal securities dealers and municipal advisors. The MSRB-proposed rule change would (i) restructure the Municipal Securities Representative Qualification Examination as a specialized knowledge examination, (ii) amend certain qualification requirements to reflect FINRA's recent consolidated rule change and (iii) make other technical changes to Rule G-3.
The MSRB filed the proposed rule change for immediate effectiveness, with an operative date of October 1, 2018 to correspond to the effective date of FINRA's consolidated rule change.
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