What is EVEP?
NASAA’s Exam Validity Extension Program (EVEP) provides an opportunity for registered representatives and investment adviser representatives to extend their NASAA qualification exams (Series 63, 65 and 66*) for a period up to five years by opting in to the program(s), paying an annual fee and maintaining certain continuing education requirements.
*The Series 66 exam qualifies individuals in two capacities, as a representative of both a broker-dealer and an investment adviser. To extend both parts of the Series 66 exam, an individual must enroll both Series 63 and Series 65 credits, if applicable.
Which exams are covered under the EVEP?
Participation in the IAR EVEP will cover the Series 65 and the 65 credit of the Series 66. Participation in the AG EVEP will cover the Series 63 and the 63 credit of the Series 66. In order to maintain the validity of both credits of the Series 66, the individual must enroll both the Series 63 credit and Series 65 credit qualifications, pay the fee for each and maintain compliance with each program.
Who will benefit from the EVEP?
Important: It is possible to enter the EVEP and receive no benefit from your participation. Please read more below.
Registered representatives and investment adviser representatives who opt in to the EVEP can extend the validity of their exams past the standard two years when not registered with a jurisdiction. This will benefit the individual when they reenter the industry and apply for registration in a jurisdiction that has adopted the program. Please note, if the jurisdiction does not participate in the EVEP, your exam extension will not be recognized in that jurisdiction. See a list of participating jurisdictions here.
If my home state has not adopted the model rule, can I still join the EVEP?
Yes. If you meet all eligibility requirements to join the EVEP, you can enroll even though your home state has not yet adopted the rule. If a jurisdiction subsequently adopts EVEP while you are enrolled in the EVEP, the jurisdiction will recognize the validity of your exam extension. Please note, if the jurisdiction does not participate in the EVEP at the time you reenter the industry, your exam extension will not be recognized in that jurisdiction. See a list of participating jurisdictions here.
Is there a fee to join the EVEP?
Yes. There is a $35 annual fee to enroll in each Exam Validity Extension Program. If you opt in to both AG EVEP and IAR EVEP, the annual fee would be $35 each ($70 total).
How do I sign up for the EVEP?
You must create a FinPro account and verify eligibility to sign up for the EVEP. Please see the User Guide and Video Tutorial for help setting up your account.
Please Note: For individuals who entered FINRA’s MQP through the extension program, your learning plan due date for EVEP purposes may be earlier than the MQP extension date of 3/31/24. You will need to complete your learning plan by your Series 63 Current Validity Date which coincides with the two-year termination date of your AG state registration.
