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ARTICLE · 13 MAY 2024

FINRA Proposes Extending The MQP CE Window

Goodwin Procter LLP
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Registered Representatives will have until July 1, 2024 to complete continuing education requirements in order to extend their registration qualification windows to five years after termination

United StatesFinance and Banking
Nicholas J. Losurdo
Nicholas J. Losurdo
Christopher Grobbel
Christopher Grobbel

Registered Representatives will have until July 1, 2024 to complete continuing education requirements in order to extend their registration qualification windows to five years after termination

On April 30, 2024, FINRA proposed amendments its Maintaining Qualifications Program ("MQP") to reopen the period in which certain participants can complete their prescribed 2022 and 2023 continuing education ("CE") requirements. FINRA's MQP permits formerly registered industry personnel to re-register within five years if they satisfy certain CE obligations (whereas before the MQP, the deadline was two years). FINRA filed these changes for "immediate effectiveness" and FINRA has sought a waiver of applicable operative delays under SEC rule filing requirements to enable FINRA to immediately implement the proposed changes. We expect a formal notice from FINRA imminently.

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