FINRA Announces Delay in Online Test-Taking Registration

By Melanie Waddell

News May 11, 2020 at 02:01 PM

Share & Print

The Financial Industry Regulatory Authority has decided to further delay scheduling for online test-taking for exams that were slated to begin on May 24.

FINRA and the North American Securities Administrators Association had said broker-dealers and their registered reps could start scheduling their online test-taking appointment for exams today. The online testing is to be administered remotely by Prometric.

The online testing delivery service, which will allow candidates to use their camera-equipped computer to take qualification exams, has been in a pilot phase with certain broker-dealers since late April. FINRA said late Sunday that it needs more time to pilot the service.

FINRA said that it "will continue to refine the implementation of this online service and will communicate an anticipated launch date in the near future."

The broker-dealer regulator said that it recognizes the ongoing challenges test candidates face during the COVID-19 pandemic "and will extend all enrollment windows that are currently expired, or will expire, between March 16 and June 2020."

FINRA, NASAA and the Municipal Securities Rulemaking Board exam enrollment end dates will be extended through June 30.

Affected enrollment windows will be systematically updated and reflected in CRD on May 11. Also, administration of FINRA, NASAA and other securities industry qualification exams has resumed in some test centers.

NOT FOR REPRINT