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Series 51 – Municipal Fund Securities Limited Principal Exam

The Series 51 exam—the Municipal Fund Securities Limited Principal Qualification Examination (FP)—is a Municipal Securities Rulemaking Board (MSRB) exam.

The exam consists of 60 scored questions. Candidates are given one hour and 30 minutes to complete the exam. The passing score is 70 percent.

For additional information on this exam, including the content outline, please visit MSRB Professional Qualification.