Series 54 Update
MSRB has begun notifying all of the individuals who took the Series 54 pilot exam between March and July of this year as to whether they achieved a passing score. The minimum required passing score has been set at 70%. The permanent exam is set to become available on November 12, 2019. Any person who’s required to register as a Municipal Advisor Principal will be given a one-year grace period to pass the exam. On or before November 1, 2019, the MSRB will file the revised content outline. One notable addition to the content outline is MSRB Rule G-40, which became effective on August 23, 2019 and relates to advertising by municipal advisors.
STC will release an update regarding the status of its permanent Series 54 course offering once its curriculum team has carefully reviewed the revised outline.