If you’re an investment adviser representative (IAR), you may already be acquainted with the NASAA IAR Continuing Education requirement which went into effect in 2022 in three U.S. states. Specifically, if you’re an IAR registered in Maryland, Mississippi, or Vermont, then you’ve probably completed the 12-credit CE requirement, or you’re planning to do so by the end of 2022.
Starting on January 1, 2023, several more jurisdictions will begin implementing the IAR CE requirement. IARs registered in any of these eleven jurisdictions will be subject to the rule next year:
- South Carolina
- Washington, D.C.
Note: Nevada and Rhode Island have informed NASAA that they plan to adopt the requirement but haven’t finalized adoption at the time of writing. To stay updated on state adoption, visit the NASAA Member Adoption webpage.
What is the NASAA IAR CE Requirement?
The NASAA model rule requires IARs registered in jurisdictions that have adopted the rule to complete 12 credits of CE each year. The requirement applies to both state-registered and federal-registered investment advisers. Six of the 12 credits must be in the Products and Practices category. The other six credits must be in the Ethics and Professional Responsibility category (at least three of these must be Ethics).
Beyond these credit requirements, IARs are free to choose courses that fit their interests and business needs. But any courses taken to fulfill the IAR CE requirement must be approved by NASAA. Solomon Exam Prep is a NASAA-approved CE provider, and all courses in the Solomon IAR CE course library offer credit toward the CE requirement. Explore Solomon’s IAR CE courses.
For more information about IAR CE, visit the Solomon IAR CE FAQs or NASAA’s IAR CE FAQs.
Disclaimer: NASAA does not endorse any particular provider of CE courses. The content of the course and any views expressed are our own and do not necessarily reflect the views of NASAA or any of its member jurisdictions.