On June 28, the Securities and Exchange Commission posted the Municipal Securities Rulemaking Board’s (MSRB) filing of proposed revisions to the Series 50 examination content outline. The MSRB proposes to implement the revised Series 50 examination program on September 12, 2016. The proposed revisions reflect changes to the law, rules and regulations and incorporate functions and tasks currently performed by a Municipal Advisor Representative. The MSRB believes that the proposed rule change will ensure that certain key concepts and rules are tested on the Series 50 examination in order to test the competency of individuals seeking to qualify as Municipal Advisor Representatives.