FINRA Regulatory Notice 15-20 Restructure the Representative-Level Qualification Examination Program

SIFMA provides comments to FINRA on Regulatory Notice 15-20, a proposed rule to restructure the current representative-level qualification examination program. Registrants would take a general knowledge examination, the Securities Industry Essentials Examination (SIE) and an appropriate specialized knowledge examination to reflect their particular registered role.

SIFMA believes the proposed changes included in RN 15-20 will make FINRA’s examination program less burdensome, less costly and more efficient. These changes ultimately should benefit investors and the industry by, among other things, eliminating unnecessary and duplicative examinations.

See also:

Regulatory Notice 15-20