Self-Regulatory Organizations; Financial Industry Regulatory Authority, Inc. - Notice - Investment Banking Representative (Series 79) Examination - Proposed Rule Change

Sep 26, 2026

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Notice filed with the Securities and Exchange Commission by the Financial Industry Regulatory Authority, Inc. to revise the content outline and selection specifications for the Investment Banking Representative (Series 79) examination. The filing is designated as a stated policy, practice, or interpretation effective upon receipt. FINRA updates covered material to reflect changes to applicable laws, rules, and regulations, and incorporates current functions and tasks performed in the role, while not changing FINRA by-laws, schedules, or rules.

LanguageEnglish

CategoryExam

FormatPDF

Pages13

Reading Time33 min

AccessFree to download

Self-Regulatory Organization’s Statement of the Terms of Substance of the Proposed Rule Change

Purpose and Statutory Basis for the Proposed Rule Change

Purpose

This document is scheduled to be published in the Federal Register on 02/27/2018 and available online at [https://federalregister.gov/d/2018-03889](https://federalregister.gov/d/2018-03889), and on [FDsys.gov](FDsys.gov) 8011-01p SECURITIES AND EXCHANGE COMMISSION [Release No. 34-82750; File No. SR-FINRA-2018-004] Self-Regulatory Organizations; Financial Industry Regulatory Authority, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Revise the Investment Banking Representative (Series 79) Examination February 21, 2018. Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (“Act”) 1 and Rule 19b-4 thereunder,2 notice is hereby given that on February 9, 2018 , Financial Industry Regulatory Authority, Inc. (“FINRA”) filed with the Securities and Exchange Commission (“SEC” or “Commission”) the proposed rule change as described in Items I, II, and III below, which Items have been prepared by FINRA. FINRA has designated the proposed rule change as“constituting a stated policy, practice, or interpretation with respect to the meaning, administration, or enforcement of an existing rule” under Section 19(b)(3)(A)(i) of the Act 3 and Rule 19b-4(f)(1) thereunder,4 which renders the proposal effective upon receipt of this filing by the Commission. The Commission is publishing this notice to solicit comments on the proposed rule change from interested persons. I. Self-Regulatory Organization’s Statement of the Terms of Substance of the Proposed Rule Change FINRA is proposing revisions to the content outline and selection specifications for the Investment Banking Representative (Series 79) examination as part of the restructuring of the 1 2 3 4 15 U.S.C. 78s(b)(1). 17 CFR 240 . 19b-4. 15 U.S.C. 78s(b)(3)(A)(i). 17 CFR 240.19b-4(f)(1). representative-level examination program.5 The proposed revisions also update the material to reflect changes to the laws, rules and regulations covered by the examination and to incorporate the functions and associated tasks currently performed by an Investment Banking Representative. In addition, FINRA is proposing to make changes to the format of the content outline. FINRA isnot proposing any textual changes to the By-Laws, Schedules to the By-Laws or Rules of FINRA. The revised Series 79 content outline is attached.6 The revised Series 79 selection specifications have been submitted to the Commission under separate cover with a request for confidential treatment pursuant to SEA Rule 24b-2.7 The text of the proposed rule change is available on FINRA’s website at [http://www.finra.org](http://www.finra.org), at the principal office ofFINRA and at the Commission’s Public Reference Room. [sic] II. Self-Regulatory Organization’s Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change In its filing with the Commission, FINRA included statements concerning the purpose of and basis for the proposed rule change and discussed any comments it received on the proposed rule change. The text of these statements may be examined at the places specified in Item IV 5 FINRA also is proposing corresponding revisions to the Series 79 question bank. Based on instruction from SEC staff, FINRA is submitting this filing for immediate effectiveness pursuant to Section 19(b)(3)(A) of the Act and Rule 19b-4(f)(1) thereunder, and is not filing the question bank. See Letter to Alden S. Adkins, Senior Vice President and General Counsel, NASD Regulation, from Belinda Blaine, Associate Director, Division of Market Regulation, SEC, dated July 24, 2000. The question bank is available for SEC review. 6 The Commission notes that the content outline is attached to the filing, not to this Notice. 7 17 CFR 240 .24b-2. below. FINRA has prepared summaries, set forth in sections A, B, and C below, of the most significant aspects of such statements. A. Self-Regulatory Organization’s Statement of the Purpose of, and Statutory Bas

FAQs

What does the FINRA proposed rule change address for the Series 79 examination?

It revises the Series 79 examination content outline and the selection specifications to update subject matter and reflect changes in laws, rules, and regulations, and to incorporate functions and tasks performed by an Investment Banking Representative.

When does the proposal become effective?

The notice states the proposal is effective upon receipt of the filing by the Commission.

How is the restructured representative-level qualification examination program designed to work?

It requires new representative-level applicants to take a general knowledge examination (Securities Industry Essentials or SIE™) and a tailored specialized examination for their registered role, reducing duplicative testing of general securities knowledge.

Sep 26, 2026

Uploaded by Bulrr