Adoption of Investment Adviser Representative Continuing Education Requirements
As a follow up to our Coffee & Regs Podcast episode found here, we wanted to advise RIA that the Securities Division of the Vermont Department of Financial Regulation announced the adoption of Vermont Securities Regulations (S-2016-01) amended effective on December 16, 2021, which requires both state-registered and federal covered investment adviser representatives to complete annual continuing education requirements. Regulation S-2016-01 requires every investment adviser representative (IAR) to annually complete 12 CE credits to maintain their IAR registration. The 12 credits must include 6 credits of Products and Practices courses and 6 credits of Ethics and Professional Responsibility courses. IARs must complete courses delivered by course providers that meet specific criteria established by the North American Securities Administrators Association (NASAA). This information can be found on NASAA’s website, and we recommend frequent viewing of the website for updates and information related to course availability. In addition to Vermont, Maryland has also just announced the adoption of the CE requirement for RIAs.