Investment Adviser Representative Continuing Education (IAR CE)

On November 30, 2020, the North American Securities Administrators Association (NASAA) announced that its membership voted to adopt a model rule to set parameters by which NASAA members could implement continuing education programs for investment adviser representatives (IARs) in their jurisdictions. The model rule, which has both a products and practices component and an ethics component, is intended to be compatible with other existing continuing education programs.

In an effort to close a gap in CE for IARs, NASAA’s Model Rule on Investment Adviser Representative Continuing Education Model Rule requires IARs to complete 12 hours of NASAA-approved CE courses annually.

NASAA’s Full Requirement for IAR CE - Implementation Summary

  • Approved by NASAA members in November 2020, the model rule is being implemented on a state-by-state basis
  • The IAR CE requirements begin taking effect on Jan. 1, 2022, when the first states implement the model rule
  • The IAR CE requirements only apply to IARs in states that have adopted NASAA’s model rule. If the state does not adopt the model rule prior to January 1, 2022, implementation cannot occur until 2023

Course Completion
IARs must complete the following on an annual basis:

  • 6 credits in Products and Practices
  • 6 credits in Ethics and Professional Responsibility
  • Courses must be delivered by a CE provider approved by NASAA and Prometric

Agents of FINRA-Registered Broker-Dealers
An IAR who is also registered as an agent of a FINRA member firm and complies with FINRA’s CE requirement may be considered in compliance with the Products and Practices component if the content meets specific criteria. These individuals are only required to complete six hours annually.

STC - NASAA-Approved CE Provider
Securities Training Corporation (STC) is an approved provider of Investment Adviser Representative Continuing Education (IAR CE) courses for both registered IARs of state-registered and federally covered investment advisers that are subject to the NASAA model rule.

Delivering Key Solutions and Assets
By utilizing STC’s course curriculum, IARs will benefit from:

  • Guided course selection to quickly and easily select the correct courses to complete their CE requirement
  • Easy integration with their firm’s Firm Element program which allows them to earn dual credits
  • The fact that all STC IAR CE courses offer designation credit

Resources

FAQ’s Around IAR CE

https://www.nasaa.org/industry-resources/investment-advisers/resources/iar-ce-faq/

View STC Courses

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