N.Y. Comp. Codes R. & Regs. tit. 13 § 11.6

Current through Register Vol. 46, No. 43, October 23, 2024

Section 11.6 - Investment adviser examination requirements

(a) Examination Requirement. Every principal of an investment adviser or solicitor, and every investment adviser representative, including persons representing solicitors, and every supervisor who is required to register in this jurisdiction and who does not qualify for a waiver pursuant to section 11.7 of this Part, must take and receive a passing grade within two (2) years prior to the date of filing registration information pursuant to section 11.4(c) on:

(1) the Uniform Investment Adviser Law Examination (Series 65 examination); or

(2) the Securities Industry Essentials Examination, the General Securities Representative Examination (Series 7 examination) and the Uniform Combined State Law Examination (Series 66 examination).

(b) Extended Compliance Period. In accordance with 11.4(i), every natural person who, prior to February 1, 2021, was serving continuously and permissibly in any capacity covered under this Part, and who, through continued service, is subject to the registration and examination requirements of this Part on or after February 1, 2021, and who does not qualify for a waiver pursuant to section 11.7, must take and receive a passing grade by December 2, 2021 on the examinations required under paragraph (a) of this section.

N.Y. Comp. Codes R. & Regs. Tit. 13 § 11.6

Amended New York State Register July 3, 2018/Volume XL, Issue 27, eff. 7/3/2018

Amended New York State Register December 2, 2020/Volume XLII, Issue 48, eff. 2/2/2021