Description:
Financial institutions submit the interagency MSD-4 and MSD-5 forms for the employees in their municipal securities dealer departments. The FR MSD-4 is the source document for initial information submitted to each regulatory agency; it collects information, such as personal history and professional qualifications, on an employee whom the bank wishes to assume the duties of a municipal securities principal or representative. The FR MSD-5 is the source document for updating the information when an associated person's employment is terminated for any reason; it collects the date of, and reason for, termination of such an employee.

Subjects:
Applications/Structure

Audiences:
Financial Institutions