Series 53: Office Of Municipal Supervisory Jurisdiction (OMSJ)

Office of Municipal Supervisory Jurisdiction (OMSJ)

An Office of Municipal Supervisory Jurisdiction is one that demands special supervisory attention, either because the activities conducted there have particular regulatory significance or because the firm itself believes it prudent or necessary based on certain MSRB guidelines.

By MSRB Rule G-27, the execution of any one of the following critical activities requires that an office be designated an OMSJ:

• • Order execution or market making
• • Structuring of public offerings or private placements
• • Maintaining custody of customer funds or securities