Final answer:
The Regulatory Element of Continuing Education for a Registered Representative (RR) involves completing an educational program focused on industry regulations and standards. It must be completed within 120 days following the second anniversary of registration and every three years thereafter to maintain registration with FINRA.
Step-by-step explanation:
The Regulatory Element of the Continuing Education requirements for a Registered Representative (RR) is part of the mandatory education that individuals who work in the securities industry must complete as outlined by the Financial Industry Regulatory Authority (FINRA). This element is designed to help ensure that RRs stay current with changes in the industry, including regulations, compliance, ethical standards, and sales practices.
The Regulatory Element must be completed within 120 days after the RR reaches their second anniversary of registration and every three years thereafter. The program content for the Regulatory Element is determined by FINRA and focuses on compliance, regulatory, ethical, and sales practice standards relevant to the role of the representative.
Key Requirements:
- Completion within specific timeframes: second anniversary and every three years.
- Content update: reflects changes in industry standards and regulations.
- Mandatory participation: all RRs must complete the Regulatory Element to maintain their registration.