Series 53 – Municipal Securities Principal Exam
Effective October 1, 2024, the Series 53 exam will consist of 100 scored questions and ten unscored pretest questions. The additional questions will be randomly distributed. An additional 15 minutes will be added to the current test time; candidates will be given three hours and 15 minutes to complete the exam. The passing score remains 70%.
The Series 53 exam—the Municipal Securities Principal Qualification Examination (MP)—is a Municipal Securities Rulemaking Board (MSRB) exam.
The exam consists of 100 scored questions. Candidates are given three hours to complete the exam. The passing score is 70%.
For additional information on this exam, including the content outline, please visit MSRB Professional Qualification.
