SEC Refreshes Municipal Advisor Registration Guidance

Guidance that municipal advisers actually consult day to day has been reworked: the SEC's Office of Municipal Securities says it has updated the Registration of Municipal Advisors FAQ page. The announcement was contained in a press release issued from Washington D.C. on July 10, 2026, identified as press release number 2026-66.

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SEC Updates Municipal Advisor Registration FAQs

According to a single report, the FAQ page was last reviewed or updated on July 16, 2026.

Highlights

  • The regulator's municipal securities office has refreshed its Registration of Municipal Advisors FAQ page.
  • One addition walks through the mechanics of registering in the first place.
  • The FAQs also clarify how public-private partnership (P3) market participants should determine whether their activities require registration as a municipal advisor.
  • The registration regime itself dates back to 2013.
  • The press release announcing the update was issued in Washington D.C. on July 10, 2026.
  • The press release carries the number 2026-66.

New Content Added

The first addition is a walkthrough of how registration itself works. The second speaks to public-private partnership players, who now have a clearer test for judging whether what they do puts them inside the registration net.

None of this is a new regime: the rules requiring municipal advisers to register have stood since 2013.

Comment From the Office of Municipal Securities

“Municipal securities touch so many parts of our lives, helping pay for schools, hospitals, water systems, and so much more. The SEC is tasked with ensuring transparency and accountability in this market.”

Dave A. Sanchez, Director of the Office of Municipal Securities

Contact Information

Questions about the updated FAQs can be directed to the Office of Municipal Securities by phone at 202-551-5680 or by email at munis@sec.gov.