NASD Notice to Members 03-40 - July 2003

The Regulatory Element Continuing Education Supervisors Program (S201) to be available July 14, 2003, at Pearson VUE centers in London and Paris; the S201 is available now for members that provide In-Firm Delivery of the Regulatory Element.

Executive Summary

Effective July 14, 2003, the Regulatory Element Continuing Education Supervisors Program (S201) will be available at Pearson VUE centers in London and Paris. As a result, all registered principals and supervisors living in Belgium, France, Luxembourg, The Netherlands, and the UK who become required to take the S201, will no longer be eligible for a foreign deferral of the Regulatory Element. Individuals in these countries who currently have a foreign deferral will be required to meet their Regulatory Element requirement when their next anniversary window opens. Principals and supervisors living in Europe outside the above countries or in other countries outside North America remain eligible for a foreign deferral until the S201 is available.

 

Effective immediately, all the Regulatory Element programs (the S101 General Program, the S106 Investment Representative Program, and the S201 Supervisors Program) are available to member firms that provide In-Firm Delivery of the Regulatory Element on firm premises.2 Previously, only the S101 and S106 were available.

 

Questions about this Notice may be directed to Heather Bevans, Continuing Education, NASD, at (240) 386-4685.