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ARTICLE · 12 JULY 2016

FINRA Lowers Continuing Education Testing Fee

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FINRA noted that only participants who applied for an accommodation would be eligible to complete their CE Regulatory Element session at a test center. The proposed rule would be effective immediately.

United StatesCorporate/Commercial Law

In conjunction with phasing out the test center delivery of the Regulatory Element of Continuing Education ("CE"), FINRA proposed amendments to Section 4(f) of Schedule A of the FINRA by-laws that would assess a CE session fee of $55 for the Regulatory Element regardless of whether the session was completed at a test center or through the CE Online System. Currently, FINRA assesses a session fee of $100 for participants' individual sessions.

FINRA noted that only participants who applied for an accommodation would be eligible to complete their CE Regulatory Element session at a test center. The proposed rule would be effective immediately.

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