ARTICLE
24 October 2017

U.S. Corporate Law News: FINRA Announces SEC Approval Of Proposal To Revise FINRA Rule 1200 Series

WL
Withers LLP

Contributor

Trusted advisors to successful people and businesses across the globe with complex legal needs
FINRA recently announced that the SEC has approved FINRA's rule proposal to restructure and streamline competency exams and broaden opportunities for prospective securities professionals...
United States Corporate/Commercial Law

FINRA recently announced that the SEC has approved FINRA's rule proposal to restructure and streamline competency exams and broaden opportunities for prospective securities professionals to enter the securities industry. The new rule will become effective on October 1, 2018. The revised program will require all new representative-level applicants to pass (i) a general knowledge examination, (ii) a revised representative-level qualification examination that corresponds to their responsibilities at their associated firms and (iii) the Securities Industry EssentialsTM. The revised representative-level qualification examinations will test knowledge about representatives' day-to-day activities, responsibilities and job functions. The new Securities Industry EssentialsTM will focus on fundamental securities-related knowledge, the structure and function of the securities industry and regulated and prohibited practices. For more information, see http://www.finra.org/newsroom/2017/finra-receives-sec-approval-streamline-competency-exams.

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.

Mondaq uses cookies on this website. By using our website you agree to our use of cookies as set out in our Privacy Policy.

Learn More