Federal Register #SR-FINRA-2026-014

SEC Notice: Proposed FINRA Rule Change on Exam Retake Waiting Periods

This notice concerns a proposed regulatory change, not a procurement opportunity. - Government buyer: Securities and Exchange Commission (SEC) - OEM/vendor mentioned: Financial Industry Regulatory Authority, Inc. (FINRA) - No products or services are being procured; this is a rule change notice - The proposed amendment to FINRA Rule 1210 reduces waiting periods for retaking qualification exams: - 15 days after the first and second failed attempts - 60 days after the third and subsequent failed attempts within two years - The change applies only to FINRA qualification exams, not those administered for MSRB, NFA, or NASAA - The notice emphasizes exam integrity through large question banks and advanced technology - No purchase quantities, part numbers, or procurement requirements are included

Description

The Securities and Exchange Commission (SEC) has approved a proposed rule change by the Financial Industry Regulatory Authority (FINRA) to amend Rule 1210 concerning registration requirements. The amendment reduces the waiting periods for retaking FINRA qualification examinations, shortening the wait from 30 days to 15 days after the first and second failed attempts, and from 180 days to 60 days after the third and subsequent failed attempts within a two-year period. This change aims to lessen the burden on individuals seeking to enter the securities industry while maintaining the integrity of the qualification examinations.

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