Series 14 - Compliance Officer Exam
The Series 14 exam—the Compliance Officer Qualification Examination (CR) — assesses the competency of an entry-level compliance officer candidate to perform his or her job as a compliance officer. The exam measures the degree to which each candidate possesses the knowledge needed to perform the job responsibilities.
The exam consists of 110 scored questions. Candidates are given three hours to complete the exam.
For more information, refer to FINRA Rule 1220(a)(3).
On this Page
The Series 14 Content Outline provides a comprehensive guide to the range of compliance, regulatory and supervision topics covered on the exam, as well as the depth of knowledge required. It includes sample questions to acquaint a candidate with the types of multiple-choice questions on the exam.
The outline is comprised of the nine main job functions and knowledge areas of a compliance official:
Section 1 – Regulatory Agencies
Section 2 – Markets and Operations
Section 3 – Broker-Dealer Operations
Section 4 – Credit Regulation/Capital Requirements
Section 5 – General Supervision
Section 6 – Investment Banking
Section 7 – Registration
Section 8 – Sales Practice, Customer/Employee Accounts
Section 9 – Sales Practice, Solicitations
Download: Series 14 Content Outline
The Series 14 does not have a prerequisite exam.
Please see Register a New Candidate for more information on the registration process.
Covered supervisory activities include regulatory compliance over:
- Day-to-day activities of the firm
Taking the Exam
The table below lists the allocation of exam questions for each section of the compliance official exam:
|Section||Number of Questions|
|Section 1 – Regulatory Agencies||3|
|Section 2 – Markets and Operations||20|
|Section 3 – Broker-Dealer Operations||10|
|Section 4 – Credit Regulation/Capital Requirements||7|
|Section 5 – General Supervision||20|
|Section 6 – Investment Banking||15|
|Section 7 – Registration||9|
|Section 8 – Sales Practice-Customer/Employee Accounts||16|
|Section 9 – Sales-Practice Solicitations||10|