www.finra.org Open in urlscan Pro
2606:4700:4400::ac40:968f  Public Scan

Form analysis
1 forms found in the DOM

POST /registration-exams-ce/continuing-education/CE-transformation/mqp

<form action="/registration-exams-ce/continuing-education/CE-transformation/mqp" method="post" id="search-header-form" accept-charset="UTF-8">
  <fieldset class="js-form-item js-form-type-textfield form-type-textfield js-form-item-field-full-search-form form-item-field-full-search-form form-group">
    <input placeholder="Search FINRA" name="field_full_search_form" data-drupal-selector="edit-field-full-search-form" type="text" id="edit-field-full-search-form" value="" size="70" maxlength="60" class="form-control">
  </fieldset>
  <input placeholder="Search FINRA" data-drupal-selector="edit-submit" type="submit" id="edit-submit" name="op" value="Search" class="button js-form-submit form-submit btn btn- btn-primary form-disabled"
    data-drupal-states="{&quot;disabled&quot;:{&quot;:input[name=\u0022field_full_search_form\u0022]&quot;:{&quot;empty&quot;:true}}}">
  <input autocomplete="off" data-drupal-selector="form-2pudbqlc2kowj8-lq8tnby-ka30x6v-oshy93r9bsyu" type="hidden" name="form_build_id" value="form-2puDBQlC2KOWJ8_Lq8TNBY_KA30x6V_oShY93R9bSyU" class="form-control" placeholder="Search FINRA">
  <input data-drupal-selector="edit-search-header-form" type="hidden" name="form_id" value="search_header_form" class="form-control" placeholder="Search FINRA">
</form>

Text Content

Skip to main content
Close Search




FINRA UTILITY MENU

 * About FINRA
 * Careers
 * BrokerCheck
 * Data
 * Media Center
 * For Firms
 * Contact Us



Log In

 

FINRA Data

For the Public

FINRA Data provides non-commercial use of data, specifically the ability to save
data views and create and manage a Bond Watchlist.

LOG IN

FinPro

For Industry Professionals

Registered representatives can fulfill Continuing Education requirements, view
their industry CRD record and perform other compliance tasks.

LOG IN

FINRA Gateway

For Member Firms

Firm compliance professionals can access filings and requests, run reports and
submit support tickets.

LOG IN

DR Portal

For Case Participants

Arbitration and mediation case participants and FINRA neutrals can view case
information and submit documents through this Dispute Resolution Portal.

LOG IN

Need Help? | Check Systems Status

Log In to other FINRA systems

 * Rules & Guidance
   * 1. R&G section 1
         1. FINRA Manual
            1. Updates
         2. Interpreting the Rules
            1. Notices
            2. Guidance
            3. Frequently Asked Questions
            4. Key Topics
            5. Interpretive Questions
     
     2. R&G section 2
         1. The Rulemaking Process
            1. Rule Filings
            2. Rule Filing Status Report
            3. Requests for Comments
            4. Rulebook Consolidation
         2. Adjudication & Decisions
            1. National Adjudicatory Council (NAC)
            2. Office of Hearing Officers (OHO)
     
     3. R&G section 3
         1. Enforcement
            1. Disciplinary Actions Online
            2. Monthly Disciplinary Actions
            3. Sanction Guidelines
            4. Individuals Barred by FINRA
 * Registration, Exams & CE
   * 1. Registration section 1
         1. Registration
            1. Broker Dealers
            2. Capital Acquisition Brokers
            3. Funding Portals
            4. Individuals
     
     2. Registration section 2
         1. Qualification Exams
            1. Securities Industry Essentials Exam (SIE)
            2. Series 7
            3. All
         2. Continuing Education (CE)
     
     3. Registration section 3
         1. Registration Systems
            1. Classic CRD
            2. Financial Professional Gateway (FinPro)
            3. Financial Industry Networking Directory (FIND)
 * Events & Training
   * 1. Conferences & Events
     2. FINRA Institute at Georgetown
     3. Financial Learning Experience (FLEX)
     4. Small Firm Conference Call
     5. Webinars
 * Filing & Reporting
   * 1. FINRA Gateway
     2. Systems Status
     3. Entitlement Program
     4. Market Transparency Reporting Tools
     5. Regulatory Filing Systems
     6. Data Transfer Tools
     7. E-Bill
 * Compliance Tools
   * 1. Cybersecurity Checklist
     2. Compliance Calendar
     3. Weekly Update Email Archive
     4. Peer-2-Peer Compliance Library
 * For Investors
   * 1. For Investors section 1
         1. Investor Insights
         2. Tools & Calculators
         3. Personal Finance
            1. Net Worth
            2. Spending
            3. Debt
            4. Credit Scores
            5. Emergency Funds
     
     2. For Investors section 2
         1. Investing
            1. Investing Basics
            2. Investment Products
            3. Investment Accounts
            4. Working With an Investment Professional
         2. Protect Your Money
            1. Investor Alerts
            2. Ask and Check
            3. Avoid Fraud
            4. Protect Your Identity
     
     3. For Investors section 3
         1. For the Military
         2. Need Help?
            1. File a Complaint
            2. FINRA Securities Helpline for Seniors
            3. Dispute Resolution
            4. Avenues for Recovery of Losses



 1. Registration, Exams and CE
 2. Continuing Education (CE)

EXPLORE THIS SECTION


FINRA MAIN NAVIGATION


REGISTRATION, EXAMS & CE

 * 
   Registration
   * Broker Dealers
   * Capital Acquisition Brokers
   * Funding Portals
   * Individuals
 * 
   Qualification Exams
   * Securities Industry Essentials Exam (SIE)
   * Series 7
   * All
 * Continuing Education (CE)
 * 
   Registration Systems
   * Classic CRD
   * Financial Professional Gateway (FinPro)
   * Financial Industry Networking Directory (FIND)


THE MAINTAINING QUALIFICATIONS PROGRAM (MQP)




FINRA’s Maintaining Qualifications Program (MQP) allows eligible individuals to
maintain their qualifications for up to five years by completing continuing
education (CE) annually. Program dates and details are provided on the page
below.

For additional information, refer to Regulatory Notice 21-41 and the MQP Quick
Reference. 

--------------------------------------------------------------------------------


ON THIS PAGE

 * Overview
 * Eligibility Conditions
 * Enrolling and Participating in the MQP
 * Accessing FinPro
 * Frequently Asked Questions
 * MQP Learning Plan Extension Requests
 * NASAA’s Exam Validity Extension Program

--------------------------------------------------------------------------------


OVERVIEW

Pursuant to FINRA Rule 1240(c), Supplementary Material .01 and .02, FINRA
established a program providing eligible individuals who terminate any of their
representative or principal registrations with the option of maintaining their
qualifications for certain terminated registrations by completing annual CE. The
rule change provides individuals who choose this option a maximum of five years
in which to reregister with a member firm without having to requalify by exam or
having to obtain an exam waiver.

The rule change does not eliminate the two-year qualification termination
period. Rather, it provides participants with an alternative means of staying
current on their regulatory and securities knowledge for up to five years
following the termination of their registrations.

--------------------------------------------------------------------------------


ELIGIBILITY CONDITIONS

To be eligible for the MQP, individuals must meet the following conditions:

 1. have been registered in the terminated registration category for at least
    one year immediately prior to the termination of that category;
 2. elect to participate within two years from the date of termination of the
    eligible registrations; and
 3. complete all CE requirements by their due dates.

The following conditions will preclude participation in the MQP:

 1. An individual has been CE inactive for two consecutive years or becomes CE
    inactive for two consecutive years during their participation.
 2. An individual is subject to a statutory disqualification during the one year
    immediately prior to the termination of the registration category or becomes
    subject to a statutory disqualification following the termination of their
    registration or during their participation in the MQP.

If either of these events occurs before or during an individual’s participation
in the MQP, they will not be eligible to participate or continue to participate.

--------------------------------------------------------------------------------


ENROLLING AND PARTICIPATING IN THE MQP

Eligible individuals may elect to participate in the MQP immediately after a
registration category is terminated via a full or partial Form U5. They may also
elect to participate later, within two years from the termination date of the
registrations.

Eligible individuals must take the following steps to enroll in the MQP:

1. Sign Up for or Log In to FinPro: This will allow individuals to review and
enroll eligible qualifications, receive notifications from FINRA and monitor
their CE completion dates and statuses. See the Accessing FinPro section below
to learn more about creating or retrieving your FinPro account.

2. Click on the "You may be eligible for the Maintaining Qualifications Program
(MQP)” banner in the Reminders section of FinPro and follow the steps to enroll
in the MQP. If this option is not available, the individual may not be eligible
for the MQP. Please review the MQP Eligibility Conditions for more information.

3. Pay the Annual Participation Fee: MQP participants are required to pay an
annual $100 fee, regardless of the number of qualifications enrolled.

Once enrolled, individuals may access and complete their assigned learning which
can be found by navigating to the Continuing Ed section in FinPro.

CE CONTENT REQUIREMENTS

MQP participants are required to complete all assigned CE coursework by the due
date(s) specified in FinPro. MQP participants must complete their MQP learning
plan, which consists of two elements of CE:

1. Regulatory Element, which consists of courses targeting rules, current issues
and regulatory concerns relevant to each registration category; and

2. Practical Element, which consists of courses reminding individuals of
products, services and strategies relevant to the job functions they would be
qualified for upon return to the industry as a registered person.

MQP participants will then be required to complete their CE requirements
annually for each year they remain in the MQP. Failure to complete the required
CE by the date(s) specified in FinPro will render participants ineligible to
continue participation in the MQP, and these individuals may be required to
requalify by exam in order to regain the terminated registrations. To access and
complete the assigned CE, please navigate to the Continuing Ed section of
FinPro.

At the beginning of each year, MQP participants will receive a notification from
FINRA reminding them to renew their enrollment for that calendar year. Once the
$100 annual fee is paid and their enrollment is renewed, the MQP learning plan
for that calendar year will be assigned.

--------------------------------------------------------------------------------


ACCESSING FINPRO

FinPro users must create account credentials (user ID, password and security
challenge questions) and verify their identity with Transunion to access the
system. (Tip: See the FinPro Account Creation Guide for guidance if you have not
yet created a FinPro account.)

FinPro cannot be accessed with Internet Explorer. Use a supported browser to log
in.

FIRST-TIME FINPRO USERS


Before creating an account: Have you self-enrolled in an exam or used one of
these FINRA systems? If so, you can use the same system credentials to log in to
FinPro.

Can’t remember your user ID or password? Recover them via email.
 

Create An Account

RETURNING FINPRO USERS


If you have logged in to FinPro before, sign in or quickly retrieve your
credentials through the buttons below.

Note: You may need to create a new FinPro account if more than three years have
passed since your last login. FinPro credentials are automatically deleted after
36 months of inactivity.
 

Log In To FinPro
Forgot User ID or Password

--------------------------------------------------------------------------------


FREQUENTLY ASKED QUESTIONS

Additional MQP FAQ are available in the CE Transformation FAQ.

1. How can I find out if my qualification is eligible for the MQP?
Create a FinPro account and log in to FinPro. If you are eligible to participate
in the MQP, the prompt to enroll will inform you of which qualification(s) you
are eligible to maintain. 

2. If I am currently registered as a General Securities Representative (Series
7), can I enroll in the MQP to maintain my Series 7 qualification?
No. You can enroll in the MQP only after your registration has been terminated
and you meet the MQP eligibility requirements. 

3. What can I do with my qualification while I am maintaining it?
Maintaining a qualification does not permit you to act as a registered person in
the capacity of the maintained qualification.

4. I passed the Securities Industry Essentials® (SIE®) exam only. Am I able to
maintain a qualification?
No. The SIE exam alone does not confer a registration status or a qualification
that can be maintained.

5. The two-year anniversary of the termination of my registrations is five days
from now. If I pay the fees to enroll in the MQP today, do I have to finish my
assigned learning plans (CE) in the next five days? If I don’t, can I get a
refund?
You are responsible for completing your assigned CE by the due date specified in
FinPro and should consider that when enrolling in the program. There are no
refunds if you do not complete your assigned CE by the due date.

6. Why is the due date for my assigned MQP learning plan in FinPro not shown as
December 31?
When you first enroll in the MQP, the due date listed in FinPro is based on your
two-year qualification period, and you have up until that date to complete your
assigned learning plan. However, the coursework associated with your MQP
learning plan is an annual requirement, and the expectation is for you to
complete your assigned learning plan each year on or before December 31.
Furthermore, since the MQP learning plan is assigned annually, you are required
to complete any learning plan coursework that becomes due under the MQP between
the time of your termination date and the due date listed in FinPro.

For example, if you wait to enroll in the MQP until 18-months after your
registration(s) was terminated, you will be assigned two-years of MQP learning:
one MQP learning plan for the calendar year you were terminated and one MQP
learning plan for the calendar year you enrolled in the program. Both learning
plans assigned during your two-year qualification period will be due by your
two-year termed date.

Additionally, after you complete your assigned learning plan within your
two-year qualification period, the due date for your learning plan will become
December 31 of each year until the MQP five-year validity date, which is based
on your termination date.

7. Will the MQP option be available to individuals who are registered in an
eliminated registration category, such as the Corporate Securities
Representative (Series 62)?
No. The MQP option will not be available to individuals who are registered in
the following eliminated registration categories.

Registration CategorySeries ExamAssistant Representative — Order Processing
(AR)11United Kingdom Securities Representative (IE)17Canada Securities
Representative — with options (CD)37Canada Securities Representative — no
options (CN)38Registered Options Representative (OR)42Corporate Securities
Representative (CS)62Government Securities Limited Representative (RG)72NYSE
Securities Manager (SM)12

--------------------------------------------------------------------------------


MQP LEARNING PLAN EXTENSION REQUESTS

Individuals enrolled in the MQP must complete all assigned CE in their MQP
learning plan by their due date. If an MQP participant experiences circumstances
that prevent them from completing the assigned CE by their due date, FINRA
may—upon written application by the participant, with supporting documentation,
and a showing of good cause—allow for additional time for the person to complete
their CE. Please note that good cause and related documentation must demonstrate
that substantive circumstances beyond the individual’s control prevent them from
completing their CE by the due date. MQP learning plan extension requests
provide a formal process for these individuals to submit such requests to FINRA
so that FINRA is able to determine whether an extension may be granted.1

To submit a request for an MQP learning plan extension, the following form must
be completed: MQP Learning Plan Extension Request Form. For an MQP learning plan
extension request to be accepted by FINRA, the completed form along with
supporting documentation should be emailed to LPExtensionRequests@finra.org no
later than the CE due date. As this submission may contain confidential
information, please do not include additional FINRA email addresses on this
submission.

Note: Individuals should submit MQP learning plan extension requests on their
own behalf whenever possible.

--------------------------------------------------------------------------------

1FINRA Rule 1240 (Continuing Education), specifically Rule 1240(c)(3), states in
part that MQP participants must complete, in a manner specified by FINRA, all
prescribed continuing education during their participation in the program,
provided that FINRA may—upon written application by the participant, with
supporting documentation, and a showing of good cause—allow for additional time
for the person to complete the prescribed continuing education.

--------------------------------------------------------------------------------


THE NORTH AMERICAN SECURITIES ADMINISTRATORS ASSOCIATION’S EXAM VALIDITY
EXTENSION PROGRAM

The North American Securities Administrators Association (NASAA)’s membership
approved model rules for programs similar to FINRA’s MQP, called the Examination
Validity Extension Program (EVEP) for Broker-Dealer Agents (AG) and for
Investment Adviser Representatives (IAR).

States will select to participate in the EVEP program by adopting the NASAA
model rule. Individuals should consider the risk that a state(s) with which they
wish to register in the future may not honor the EVEP qualification, in which
case the individual may be required to pass a qualification examination to
obtain registration despite participation in the EVEP. For more information
about the model rules, participating jurisdictions and FAQs, visit NASAA’s EVEP
page.

For more information about availability dates and how eligible individuals can
enroll, visit the FinPro (Financial Professional Gateway) page.





Launch CE


RELATED LINKS

Maintaining Qualifications Program (MQP)
CE Transformation FAQ
CE Transformation: The Maintaining Qualifications Program (MQP) Explained
CE Transformation: Before and After
Financial Professional Gateway (FinPro)
CE Rules of Conduct
Financial Learning Experience (FLEX)
Firm Element Advisory from the CE Council
Enrolling in the MQP and EVEP


VIRTUAL CONFERENCE PANEL

Transforming the Securities Industry Continuing Education Program


CONTACT US

Questions regarding the MQP should be sent to mqp@finra.org




FINRA MAIN NAVIGATION

 * Rules & Guidance
 * Registration, Exams & CE
 * Events & Training
 * Filing & Reporting
 * Compliance Tools
 * For Investors


FINRA UTILITY MENU

 * About FINRA
 * Careers
 * BrokerCheck
 * Data
 * Media Center
 * For Firms
 * Contact Us

ARBITRATION & MEDIATION

FINRA operates the largest securities dispute resolution forum in the United
States
Learn More

General Inquiries

301-590-6500

Securities Helpline for Seniors®

844-574-3577 (Mon-Fri 9am-5pm ET)

File a Regulatory Tip

To report on abuse or fraud in the industry

File an Investor Complaint

File a complaint about fraud or unfair practices.

Small Firm Help Line

833-26-FINRA (Mon-Fri 9am-6pm ET)

Office of the Ombuds

Report a concern about FINRA at 888-700-0028


FOOTER LEGAL LINKS

 * Site Map
 * Privacy Policy
 * Terms of Use


FOOTER LEGAL 2

 * Translate
 * Contact



©2024 FINRA. All Rights Reserved.

FINRA IS A REGISTERED TRADEMARK OF THE FINANCIAL INDUSTRY REGULATORY AUTHORITY,
INC.