Final answer:
The annual CE component administered by an employer for registered representatives in the financial services industry is known as firm-element CE. It is distinct from the regulatory element CE, focusing on keeping representatives updated with industry-specific information.
Step-by-step explanation:
The portion of the Continuing Education (CE) that must be completed annually and is administered by the representative's employer within the financial services industry is known as the firm-element CE. This component is designed to keep registered representatives informed of regulatory changes, new products, and other industry-related issues that are specifically applicable to their job functions. The firm-element CE is separate from the regulatory element CE, which is a standardized program provided by regulators such as FINRA and is required at specific intervals over a representative's career.