What Is Series 52?

The Series 52 is a professional license🔯 and certification that qualifies a financial professional to transact municipal securities. It is known as the Municipal Securities R🍸epresentative Qualification Examination.

The exam consists of 75 scored questions. Candidates❀ are given two hours and 30 minutes to complete the exam. The passing score is 70%.

Series 52 Explained

The Series 52 exam is developed and offered by the Municipal Securities Rulemaking Board (MSRB). The Series 52 qualifies a financial professional to become a licensed municipal securities representative. People who obtain this certification can sell municipal securities such as 澳洲幸运5官方开奖结果体彩网:municipal bonds. They can also perform underwriting analysis for municipal securities. The Series 52 certification is broadly utilized across the financial industry and is endorsed by the 澳洲幸运5官方开奖结果体彩网:Financial🥃 Industry Regulatory Authority (FINRA).

Municipal Securities Rulemaking Board

The Municipal Securities Rulemaking Board is an agency that sets standards for the municipal securities indus🅰try. It manages the professi🦹onal qualifications for municipal securities principals, representatives, advisor principals, and advisor representatives. Qualifications for municipal securities professionals are outlined in . In addition to the Series 52 exam, MSRB also manages the following exams:

• Series 50 — Municipal Advisor Representative Examination
• 澳洲幸运5官方开奖结果体彩网:Series 51 — Municipal Fund Securities Limited Principal Qualification Examination
• 澳洲幸运5官方开奖结果体彩网:Series 53 — Municipal Securities Principal Qualification Examination

Series 52 Exam

The Series 52 exam consists of 75 multiple choice questions. It must be completed within 210 minutes. A score of 70% or better is required for passing. The cost of the test is $260.

The following material is covered on the exam:

Part 1: Municipal Securities

• Types of municipal securities
• Characteristics of municipal securities
• The market for municipal securities
• Analyzing municipal credit
• Mathematical calculations and methods

Part 2: U.S. Government, Federal Agency a🍌nd Other Financial Instruments

• Types
• Characteristics of various U.S. government, federal agency and other financial instruments
• The market for U.S. government, federal agency and other financial instruments — impact and relationship to other fixed income markets
• Credit features

Part 3: Economic Activity, Gove𒆙rnment Poli𒐪cy and the Behavior of Interest Rates

• 澳洲幸运5官方开奖结果体彩网:Monetary policy
• Fiscal policy
• Factors affecting 澳洲幸运5官方开奖结果体彩网:interest rates

Part 4: Securities Laws and Regulations

• Regulation of municipal market professionals
• Securities Investor Protection Act of 1970
• MSRB rules

Additional Information

• Contents of a typical notice of bond sale
• Outline of a typical official statement

Municipal Securities Representatives

Municipal securities representatives that have passed the Series 52 exam and obtained their Municipal Securities Representative Certification can transact or underwrite municipal securities for a sponsoring organization. A municipal securities representative must work for a sponsoring company. As a municipal securities representative, professionals can transact and underwrite municipal securities, provide professional financial advice or consultation in regard to municipals issuance, and generally provide commu♒nication to pubic investors on municipal securities.