South Carolina has joined the growing list of states that have adopted NASAA’s investment adviser representative continuing education (IAR CE) requirement. The new CE requirement will go into effect for IARs registered in South Carolina on January 1, 2023. Arkansas, Kentucky, Michigan, Oklahoma, Washington, D.C., and Wisconsin will also begin requiring IAR CE in 2023.
Nevada and Rhode Island are also planning to adopt the IAR CE requirement. If these states finalize adoption by the end of 2022, then the requirement will begin in 2023.
The IAR CE requirement is already in effect in Maryland, Mississippi, and Vermont. This means that IARs registered in any of these states must complete CE by the end of 2022.
The NASAA model rule dictates that IARs registered in jurisdictions that have implemented the CE requirement must complete 12 credits of CE each year. Both state-registered and federal-registered investment advisers are affected by this requirement. Six of the 12 credits must be in the Products and Practices category. The remaining six credits must be in the Ethics and Professional Responsibility category, and at least three of these must be Ethics courses.
Courses must be approved by NASAA to fulfill the IAR CE requirement. Solomon Exam Prep is a NASAA-approved CE provider, and all courses in the Solomon IAR CE course library offer credit towards the CE requirement. Explore Solomon’s IAR CE courses.
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.