Series 14 – Compliance Officer Exam
The Series 14 exam — the Compliance Officer Qualification Exam (CR) — assesses the competency of an entry-level principal to perform their job as a compliance officer.
The exam measures the degree to which each candidate possesses the knowledge needed to perform the critical functions of a compliance officer, including expertise in compliance processes and reporting requirements.
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. The outline is comprised of the nine major job functions and knowledge areas of a compliance officer the table below lists the allocation of exam items for each major job function:
|Major Job Functions||Number of Exam Items|
|(F1) Regulatory Agencies||3|
|(F2) Markets and Operations||20|
|(F3) Broker-Dealer Operations||10|
|(F4) Credit Regulation/Capital Requirements||7|
|(F5) General Supervision||20|
|(F6) Investment Banking||15|
|(F8) Sales Practice – Customer/Employee Accounts||16|
|(F9) Sales Practice – Solicitations||10|
Candidates must be associated with and sponsored by a FINRA member firm or other applicable self-regulatory organization (SRO) member firm to be eligible to take FINRA principal-level qualification exams. For more information on registration requirements, refer to FINRA Rule 1210.
The Series 14 does not have a corequisite exam.
For more information on the registration process, see Register a New Candidate.
Covered supervisory activities include regulatory compliance over:
- Day-to-day activities of the firm