Series 63 – Uniform Securities Agent State Law Exam
Effective January 4, 2027, the waiting periods for retaking NASAA qualification exams will be as follows:
- 30 days after the first and second unsuccessful attempts, and
- 60 days (from 180 days) after the third
The waiting periods after the first and second unsuccessful attempt remain unchanged at 30 days while the waiting period after the third attempt has been reduced from 180 to 60 days. The new waiting periods will automatically apply to new enrollments opened on or after January 4, 2027. Exam windows opened before January 4, 2027, are subject to the rules under which they were opened. If a candidate opens an exam window for the third time in a two-year period before January 4, 2027 they will be required to wait 180 days before retesting.
If you are subject to a third or subsequent waiting period, please visit: https://www.nasaa.org/exams/exam-faqs/ before enrolling for your exam.
The Series 63 exam — the Uniform Securities State Law Examination — is a North American Securities Administrators Association (NASAA) exam administered by FINRA.
The exam consists of 60 scored questions and 5 unscored questions. Candidates have 75 minutes to complete the exam. In order for a candidate to pass the Series 63 exam, they must correctly answer at least 43 of the 60 scored questions.
For additional information about this exam, including the content outline, please visit the exams page on the NASAA website.
Exam Validity Extension Program
NASAA’s membership approved a model rule for a program similar to FINRA’s Maintaining Qualifications Program (MQP), called the Exam Validity Extension Program (EVEP) for Broker-Dealer Agents (AG). The program allows eligible individuals to maintain the validity of their Series 63 exam for up to five years for states that adopt the model rules by completing annual CE requirements.
For more information about the model rule, participating jurisdictions and FAQs, visit NASAA’s EVEP page. For more information about the availability date and how eligible individuals can enroll, visit the Financial Professional Gateway (FinPro Gateway™) page.
