Exchange Rule 345A (Continuing Education for Registered
Persons) requires members and member organizations to maintain a
current Firm Element training program for registered persons who
have direct contact with customers, and for their immediate
supervisors. This Firm Element training should be specifically
tailored to the business of the members and member organizations,
and must be evaluated and updated at least annually.
The Exchange, in conjunction with
the Securities Industry/Regulatory Council on Continuing Education,
annually identifies topics that are of particular current interest
to the industry and may be appropriate for members and member
organizations to include in their Firm Element training. These
topics are identified in the attached Firm Element
Advisory.
Each member and member
organization should consider the relevance of the topics identified
in the Firm Element Advisory to the member’s or member
organization’s lines of business, registered employees, and training
needs. Further direction for reviewing and evaluating the relevance
of topics is provided in the advisory.
The Council provides a Firm Element Organizer on its
website http://www.securitiescep.com to assist in conducting
your Firm Element Needs Analysis and developing a training plan. A
scenario library of Regulatory Element materials is also available
on the website, which can be used in developing Firm Element,
compliance or other training.
The
Firm Element Advisory can also be found on the website of the
Securities Industry/Regulatory Council on Continuing Education at
http://www.securitiescep.com
under Council Publications.
Questions about the Continuing Education Program should
be directed to Roni Meikle at (212) 656-2156 or Pat DeVita at (212)
656-2746 or Chris Dunleavy at (212)
656-2298.
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