ARTICLE
29 September 2021

FINRA Proposes Fee For New Municipal Advisor Principal Exam

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Cadwalader, Wickersham & Taft LLP

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Comments on the proposal must be submitted within 21 days of its publication in the Federal Register.
United States Finance and Banking

FINRA proposed establishing new fees for the new Municipal Advisor Principal Examination (a/k/a the Series 54 exam). Under the proposed amendment to Section 4(c) of Schedule A to its By-Laws, FINRA would establish a $115 fee to account for examination administration and delivery expenses.

Comments on the proposal must be submitted within 21 days of its publication in the Federal Register.

Primary Sources

  1. SR-FINRA-2021-025: Proposed Rule Change to Amend Section 4(c) of Schedule A to the FINRA By-Laws to Establish an Administration and Delivery Fee for the Municipal Advisor Principal Examination (Series 54 Examination)

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