The Series 66 exam — the NASAA Uniform Combined State Law Examination — is a North American Securities Administrators Association (NASAA) exam administered by FINRA.
The exam consists of 100 scored questions and 10 unscored questions. Candidates have 150 minutes to complete the exam. To pass the Series 66 exam, candidates must correctly answer at least 73 of the 100 scored questions.
There is no prerequisite for the Series 66 exam. However, the Series 7 exam is a co-requisite to the Series 66 exam.
The Series 66 exam is available online only for candidates who require atesting accommodation.
For additional information about this exam, including the content outline, please visit the exams page on the NASAA website.
Investment Adviser Representative Continuing Education
Every investment adviser representative (IAR) registered in a jurisdiction that has adopted NASAA’s model rule on IAR Continuing Education (CE) is subject to its CE requirements.
Visit NASAA's IAR CE page for more information about IAR CE.
IARs can apply Regulatory Element training to the Products and Practices requirement. Firms can find more information in theFirm Settings Guide. Individuals should visit theFinPro (Financial Professional Gateway) page for more information.
Exam Validity Extension Program
NASAA’s membership approved model rules for programs similar toFINRA’s Maintaining Qualifications Program (MQP), called the Exam Validity Extension Program (EVEP) for Broker-Dealer Agents (AG) and Investment Adviser Representatives (IAR). The program allows eligible individuals the opportunity to maintain the validity of their Series 63 and Series 65 exams for up to five years for states that adopt the model rules by completing annual CE requirements.
The Series 66 exam qualifies individuals in two capacities, as a representative of both a broker-dealer and an investment adviser. To extend both parts of the Series 66 exam, an individual must enroll both Series 63 and Series 65 credits, if applicable. For more information, visitNASAA’s EVEP page.
