The MSRB proposed a rule change that would revise the content covered by the Municipal Securities Representative Qualification Examination (or "Series 52 exam").
The revised Series 52 exam would be structured as a specialized knowledge test. The proposal would remove general securities knowledge content from the Series 52 exam. Municipal securities representative candidates would be required to pass FINRA's general Securities Industry Essentials Examination as a prerequisite.
The MSRB also proposed technical revisions to the Series 50 exam, the Series 51 exam and the Series 53 exam.
The MSRB filed the rule changes for immediate effectiveness, with an implementation date of October 1, 2018 for the Series 52 amendment and an implementation date of July 25, 2018 for the technical revisions to the other examinations.
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