We are excited to announce that RIA Compliance Consultants, Inc. has been approved as an investment adviser representative continuing education (“IAR CE”) provider by Prometric on behalf of the North American Securities Administrators Association (“NASAA”). RIA Compliance Consultants plans to offer a diverse lineup of IAR CE to help investment adviser representatives meet the regulatory obligations of the state(s) where they are licensed. Even when not required by the state securities regulator, investment adviser continuing education courses are a great training resource for investment adviser firms and their IARs.
Beginning in calendar year 2022, investment adviser representatives of both state- and SEC-registered investment adviser firms must comply with the investment adviser representative continuing education requirement if adopted by a state securities regulator in which the IAR is licensed. Mississippi is the first state to require investment adviser representatives (“IARs”) to complete twelve credit hours of accredited investment adviser representative continuing education (“IAR CE”) each year, with more states expected to adopt the requirement for 2023 and beyond. Investment adviser firms should begin work now to update their compliance policies and procedures for the new IAR CE requirement.
We intend to offer (once approved by Prometric) courses covering both components of IAR CE: Products and Practices and Ethics and Professional Responsibility. In addition to offering IAR CE to individual IARs, investment adviser firms and Chief Compliance Officers will be able to use our continuing education platform to assign IAR CE courses and monitor IAR CE progress for the firm’s representatives.
For more information on IAR CE requirements and state adoption, visit our IAR CE FAQ.
NASAA does not endorse any particular provider of CE courses. The content of any course offered by RIA Compliance Consultants, Inc. and any views expressed therein are our own and do not necessarily reflect the views of NASAA or any of its member jurisdictions.
If your state registered or SEC registered investment adviser firm is an existing client of RIA Compliance Consultants and has questions about investment adviser continuing education, we encourage you to speak with your compliance consultant. Or, if you are not an existing client of RIA Compliance Consultants, click here to set up an introductory call with our Business Development Team.
Related Resources & Posts
Investment Adviser Representative Continuing Education
Mississippi Adopts IAR Continuing Education Rule – July 29, 2021
NASAA Publishes Handbook for Prospective IAR CE Content Providers – May 14, 2021
IAR CE – Tracking Spreadsheets – March 22, 2021
NASAA Investment Adviser Representatives Continuing Education Model Rule Moves Closer to Implementation – January 26, 2021
NASAA Seeks Input on Investment Adviser Representative Continuing Education Program – September 5, 2020
NASAA Proposed Investment Adviser Representative Continuing Education Rule – May 11, 2020
The information contained in this blog post is general in nature intended for educational purposes only and is not intended to be a comprehensive analysis of this topic. It is not intended to constitute compliance consulting advice or apply to any particular investment adviser firm’s specific situation. For more information, please see our Disclosures webpage.
Posted by Bryan Hill
Labels: Investment Adviser Rep Continuing Education, Mississippi Investment Advisor, NASAA
Tagged: Investment Adviser Rep Continuing Education, Mississippi Investment Advisor, nasaa