New York Codes, Rules and Regulations
Title 13 - DEPARTMENT OF LAW
Chapter II - SECURITIES TRANSACTIONS AND PERSONNEL
Subchapter A - SECURITIES-GENERAL
Part 11 - INVESTMENT ADVISORY SERVICES
Section 11.6 - Investment adviser examination requirements
Current through Register Vol. 46, No. 12, March 20, 2024
(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:
(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.
