The North American Securities Administrators Association ("NASAA") requested comments on an amendment to a proposed continuing education program and model rule for investment adviser representatives ("IARs") (see previous coverage).
The proposed amendment would add a provision requiring IARs who become unregistered, and subsequently seek to re-register, to complete IAR continuing education for all reporting periods during which they were not registered. This requirement would not apply for IARs who take and pass, or receive a waiver from, the examination required under NASAA Rule 412(e)-1 ("Examination Requirements") in relation to a subsequent application for registration.
Comments on the proposed amendment must be submitted by October 22, 2020.
Primary Sources
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.