On July 16th, the SEC’s Office of Municipal Securities published an updated list of Registration of Municipal Advisors FAQs to give municipal advisors clearer guidance on registration and recordkeeping requirements. The updates help P3 participants know when they should provide information on which remote work locations must be listed on Form MA and MA‑I and when to disclose records that advisors must maintain when offering pricing advice on new municipal securities.
Additionally, the revised FAQs give prospective advisors access to resources to help with registering with both the SEC and MSRB. The SEC notes that municipal securities support key public projects like schools, hospitals, and water systems, and reiterates that clear direction helps sustain a transparent and dependable market.
For further questions, please contact the Office of Municipal Securities at (202) 551‑5680 or munis@sec.gov.
Sources:
SEC Office of Municipal Securities Updates FAQs for Registration of Municipal Advisors (sec.gov)
Registration of Municipal Advisors FAQs (sec.gov)
