SEC Exempts Engineering Advice from Municipal Advisor Registration Requirement

Tuesday, February 22, 2011

A Securities and Exchange Commission proposed rulemaking in response to the Dodd-Frank Wall Street Reform and Consumer Protection Act (PL 111-203) would require municipal advisors to register with the Securities and Exchange Commission and the Municipal Securities Rulemaking Board. The proposed rulemaking exempts "engineers providing engineering advice" from the registration requirement. Following discussion with NSPE members, NSPE decided not to comment on the issue.