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Amended MSRB Continuing Education Rule Requires Annual Training

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October 23, 2014
Client Alert

The Municipal Securities Rulemaking Board recently announced the approval of an amended continuing education rule that will require annual training and expand the coverage of its Firm Element. Amended MSRB Rule G-3 will require brokers, dealers, and municipal securities dealers to determine which persons registered with the dealer regularly engage in and/or supervise municipal securities activities. Dealers will need to conduct annual training on municipal securities issues for these identified, registered persons. The amended rule takes effect January 1, 2015, and affected dealers must complete the initial annual training requirement before December 31, 2015.

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