Investment Adviser Representative CE Firm Due Dates
Effective May 21, firms can opt in to set an internal due date for NASAA’s Investment Adviser Representative CE (IAR CE) coursework completion that is earlier than the program’s annual Dec. 31 deadline. The firm’s internal due date will display on the individual’s Financial Professional Gateway (FinPro Gateway) dashboard and on their Continuing Education details page. Reminder notification emails will continue to be sent on preset dates. Additionally, FINRA Gateway users can now choose to send copies of these reminder emails to a firm contact.
Every investment adviser representative (IAR) registered in a jurisdiction that has adopted the model rule is subject to its continuing education (CE) requirements. The mandatory CE program applies to all registered IARs of both state-registered and federal covered investment advisers. Each year, IARs will need to attain 12 CE credits to maintain their IAR registration. The 12 credits must include six credits of Products and Practice and six credits of Ethics and Professional Responsibility.
See the page below for information regarding the IAR CE model rule and for additional IAR CE resources. More information will be published as it becomes available.
IAR CE Model Rule
The North American Securities Administrators Association (NASAA) announced on Nov. 30, 2020, that its membership voted to adopt a model rule to set parameters by which NASAA members could implement CE programs for IARs in their jurisdictions. The model rule has a products and practice component and an ethics and professional responsibility component and is intended to be compatible with other CE programs.
See the NASAA Model Rule on Investment Adviser Representative Continuing Education for complete details.
The model rule represents the culmination of years of work by state securities regulators and industry to develop a relevant and responsive CE program. This successful collaboration will help promote heightened regulatory compliance while also helping IARs better serve their clients by remaining knowledgeable of current regulatory requirements and best practices.
Resources
- Regulatory Element and IAR CE
- NASAA IAR CE Webinar: IAR CE Enhancements and Applying Regulatory Element to IAR CE (July 2022)
- NASAA IAR CE Webinar: Investment Advisor Representative Continuing Education (November 2021)
- IAR CE Member Adoption: View NASAA’s list of jurisdictions that are planning to implement an IAR CE requirement for 2022.
- Approved IAR CE Providers: View NASAA’s list of approved IAR CE providers.
- IAR CE FAQ: Get answers to frequently asked questions, covering topics such as credit hours and reporting, course content, IARs registered in multiple jurisdictions, dual registrants, professional designations, failure to complete and other general topics.