Vermont Securities Division Adopts IAR CE Rule

Vermont Adopts IAR Continuing Education Rule

December 10, 2021

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On December 9, 2021, the Securities Division of the Vermont Department of Financial Regulation announced it had adopted an investment adviser representative continuing education requirement, making it the second state to now require investment adviser representatives to complete investment adviser representative continuing education (“IAR CE”). Closely tracking the NASAA’s Model IAR CE Rule and effective for the 2022 calendar year, investment adviser representatives who are registered in Vermont must now complete 12 credit hours of IAR CE each year.

As with Mississippi’s recently adopted IAR CE rule, Vermont’s IAR CE requirement applies to investment adviser representatives of both state and SEC-registered investment adviser firms. To the extent an investment adviser representative’s home state doesn’t have a IAR CE requirement, but the IAR is registered in Vermont, then the out-of-state IAR will need to meet Vermont’s IAR CE requirement.

As state securities regulators continue to adopt the IAR CE Model Rule, NASAA will update its list of member states that are adopting the Model Rule. Currently, Wisconsin, Nevada, and Michigan have each indicated that they are planning to implement an IAR CE rule. The Maryland Division of Securities has also adopted recently its IAR CE rule which is effective December 27, 2021.

For more information on the IAR CE requirements and adoption by state securities regulators, visit our IAR Continuing Education – Frequently Asked Questions. RIA Compliance Consultants, Inc. is excited to be an approved IAR CE provider and will be announcing our course catalog (subject to approval by Prometric) in the coming weeks.

NASAA Disclosure

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.

Contact Us

If your state registered or SEC registered investment adviser firm is an existing client of RIA Compliance Consultants and has questions about IAR 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 Posts & Resources

Maryland Division of Securities Proposes New IAR CE Requirement – November 03, 2021

RIA Compliance Consultants Approved as IAR CE Provider – October 26, 2021

Mississippi Adopts IAR Continuing Education Rule – July 29, 2021

NASAA Publishes Handbook for Prospective IAR CE Content Providers – May 14, 2021

IAR Continuing Education – Frequently Asked Questions

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

General Disclosure

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. Please consult the applicable securities regulator’s rules and published guidance for more details about the topics referenced above.  For more information about the limitations of this blog post and information on our website, please see our Disclosures webpage.

Posted by Bryan Hill
Labels: Investment Adviser Rep Continuing Education, NASAA, Vermont Investment Advisor
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