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Series 65 – Uniform Investment Adviser Law Exam

NASAA Online Testing Announcement

The North American Securities Administrators Association (NASAA) Series 63, Series 65 and Series 66 qualification exams are only available online for candidates who require a testing accommodation.

The Series 65 exam — the NASAA Investment Advisers Law Examination — is a North American Securities Administrators Association (NASAA) exam administered by FINRA.

The exam consists of 130 scored questions. Candidates have 180 minutes to complete the exam. In order for a candidate to pass the Series 65 exam, he/she must correctly answer at least 94 of the 130 scored questions.

For additional information about this exam, including the content outline, please visit the exams page on the NASAA website.

The ability for investment adviser representatives (IARs) to apply Regulatory Element training to the Products and Practice requirement will become available June 30, 2022. Individuals can access the functionality through their FinPro (Financial Professional Gateway) accounts. If a firm would like to cover the Regulatory Element reporting fee for all individuals registered with their firm, they can opt in to the new IAR CE Regulatory Element/Products and Practice (PP) Fee firm setting in FINRA Gateway. More information is available in the Firm Settings Guide.

For information about IAR CE, please visit NASAA's IAR CE page.