Exam Validity Extension Program (EVEP)

Overview

Like FINRA’s MQP, NASAA’s Exam Validity Extension Program (EVEP) allows a registered representative or an investment adviser representative (IAR) to extend their state qualifications (S63, S65) if these registrations are no longer held with a broker-dealer or investment adviser, for up to five years. EVEP is split up between two separate programs:

  • AG EVEP covers the S63 qualification exam or S63 credit portion of the S66 exam; and
  • IAR EVEP covers the S65 qualification exam or S65 credit portion of the S66 exam.
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Eligibility

EVEP has the same eligibility requirements as noted for the MQP, plus the following:

  • AG EVEP – Must be enrolled and in good standing with FINRA’s MQP
  • IAR EVEP – Must be up to date on all IAR CE requirements

Fees

  • $35.00 annual fee for AG EVEP
  • $35.00 annual fee for IAR EVEP

Enrollment

State Participation

If a state does not participate in AG EVEP or IAR EVEP, your EVEP-enrolled qualifications may not be recognized in that jurisdiction upon returning to a firm or attempting to reactivate the registrations.

Reach out to each individual state regarding their ability to waive exam deficiencies if they have not yet formally adopted EVEP.

All information, including some helpful FAQ and the current state adoption status, can be found on NASAA’s website.