Continuing its efforts to create a continuing education program for investment advisor representatives, the North American Securities Administrators Association is conducting a survey on course content.
In February, NASAA sought comments on creating the CE program.
NASAA announced then that its board-level Investment Adviser Representative Continuing Education (IAR CE) Committee developed a framework for a program and was working closely with NASAA’s Investment Adviser Section’s IA Regulatory Policy and Review Project Group to draft a proposed model rule to implement that framework.
NASAA’s proposal includes an annual requirement for IARs to complete 12 total hours of CE — six hours focused on Products and Practice and six hours focused on Ethics and Professional Responsibility.
NASAA is now taking comments until Sept. 21 on potential course content for Investment Adviser Representative CE classes. For instance, one topic would focus on how IARs should disclose and report any conflicts of interest, such as dual registrations, outside business activities and financial industry affiliations.