Skip to main content

For updates and guidance related to COVID-19 / Coronavirus, click here.

Series 51 – Municipal Fund Securities Limited Principal Exam

COVID-19 Guidance on FINRA-Administered Exams

Please see the complete message including information about online test delivery.

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.