MSRB Files Revised Continuing Education Requirements for Municipal Securities Dealers (Fed. Reg.)

The MSRB's revised proposal to require dealers to provide annual municipal securities training for registered persons who supervise or are regularly engaged in municipal securities activities was published in the Federal Register.

In December 2013, the MSRB requested public comment on draft changes to the "Firm Element Continuing Education" requirement in MSRB Rule G-3 ("Classification of Principals and Representatives; Numerical Requirements; Testing; Continuing Education Requirements"). The MSRB modified the proposed new requirement to remove the specified one-hour minimum amount of training. It also amended the proposal to apply only to registered personnel.

See: 79 FR 45529; Text of Revised Proposal. Related news: MSRB Files Revised Continuing Education Requirements for Municipal Securities Dealers (July 22, 2014); MSRB Requests Comment on Continuing Education Proposal for Municipal Securities Dealers (December 13, 2013).