Updated May 1st, 2024

We’re pleased to announce that California has officially adopted the Investment Adviser Representative Continuing Education (IAR CE) requirement, effective May 1st, 2024.

California’s IAR CE Requirement is Now in Effect

On May 1, 2024, the California Department of Financial Protection and Innovation’s (DFPI) IAR CE rulemaking file was approved by the Office of Administrative Law and filed with the Secretary of State, becoming effective immediately.

Key Points of the New Regulation:

  1. IARs must complete twelve credits of continuing education annually.
  2. The credits are divided into two categories:
    • Six credits focused on Products and Practice
    • Six credits focused on Ethics and Professional Responsibility
  1. The 2024 compliance period runs from May 1, 2024, to December 31, 2024.
  2. Credits earned at any time in 2024 will be accepted and count toward 2024 compliance.

What This Means for California IARs

While California was later than some other states in adopting this requirement, investment adviser representatives in the state now need to ensure they complete their required training by the December 31st, 2024, deadline.

CE Credits for 2024

Good news for those who have already started their CE: Any IAR CE credits completed earlier in 2024, prior to the May 1st effective date, will be accepted and count toward the 2024 compliance period.

For more details on the regulation, you can find the final text and statement of reasons on the Department’s website, here 

To learn more about Quest CE’s IAR CE training options, click here