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FINRA Proposes Extending Relief on Qualifying Exam Requirements

FINRA proposed extending relief - until June 30, 2021 - on fulfilling the qualification examination requirements for operations professionals under FINRA Rule 1220(b)(3)(B) and for supervisory principals under FINRA Rule 1210.04.

FINRA also updated its COVID-19 FAQs regarding the extensions, and clarified that the proposed rule change applies only to individuals who have been designated before March 3, 2021 to act as operations professionals and supervisory principals.

Primary Sources

  1. SR-FINRA-2021-005: Proposed Rule Change to Extend the Effective Date of the Temporary Amendments Set forth in SR-FINRA-2020-026 and SR-FINRA-2020-043
  2. FINRA FAQs: Qualification Examinations

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Tags

Regulated Activities
Business Continuity Employee Matters
Sub-Activity
Coronavirus, Qualifications
Regulated Entities
Broker-Dealers
Body of Law
Securities Law
Jurisdiction
US - Federal
Organization
FINRA / MSRB / SEC Exchanges / SIPC / Accountants
Sub-Author
FINRA