Regulatory Alerts2023-11-02 | Information Notice 11/2/23Added · Updated
FINRA Reminds Firms of Continuing Education Firm Element Rule Changes
Effective January 1, 2023, FINRA requires all registered persons, including those with permissive registrations, to complete the annual Firm Element continuing education requirement. The rules now allow firms to count anti-money laundering training under Rule 3310(e) and annual compliance meetings under Rule 3110(a)(7) toward this obligation, provided a needs analysis supports the determination. Additionally, minimum training criteria have been revised to mandate coverage of professional responsibility and the specific role or activities of the registered person.
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