Exercise

Answer the following multiple choice questions.

1. A municipal advisor that fails to pay a registration fee within _____ days of the invoice date may incur a late fee.

A. 15 days

B. 30 days

C. 45 days

D. 5 days

2. The annual MSRB fee of $1,000 is due by:

A. January 1

B. December 31

C. September 30

D. October 31

3. Which of the following statements is true regarding the annual affirmation period?

A. Form A-12 is not required to be affirmed if it was submitted less than a year ago.

B. The period ends January 15.

C. A firm can choose to conduct the annual affirmation at the start of its fiscal year instead of in January.

D. The affirmation process must be undertaken by the Primary Regulatory Contact, Optional Regulatory Contact, or the Compliance Contact.

4. Which of the following is not required on the A-12?

A. Compliance Contact

B. Billing Contact

C. Primary Data Quality Contact

D. Technical Contact

5. Which of the following shall be authorized on behalf of the municipal advisor to receive communications from the MSRB?

A. Primary Regulatory Contact

B. Primary Communications Contact

C. Compliance Contact

D. Master Account Administrator

6. Which of the following shall be authorized on behalf of the municipal advisor to receive invoices from the MSRB?

A. Primary Regulatory Contact

B. Billing Contact

C. Compliance Contact

D. Master Account Administrator

7. Which of the following is not true?

A. The information on Form A-12 must be reported in an electronic format, as set forth in the MSRB Registration Manual.

B. Form A-12 must be updated within 30 days if the information it contains becomes inaccurate or if the applicant chooses to withdraw, whether for voluntary or involuntary reasons.

C. If a municipal advisor withdraws its application and the withdrawal is involuntary, the applicant must provide the MSRB with an explanation of the reasons.

D. The inform