July 2, 1991
TO: INVESTMENT ADVISER MEMBERS NO. 27-91
INVESTMENT ADVISER ASSOCIATE MEMBERS NO. 27-91
RE: RHODE ISLAND RECOGNIZES PREDECESSOR EXAMINATIONS
__________________________________________________________
As we previously informed you, investment advisers in Rhode
Island must pass the Series 65, Uniform Investment Adviser Law
Examination, absent an exemption or available alternative. (See
Institute Memorandum to Investment Adviser Members No. 4-91 and
Investment Adviser Associate Members No. 4-91 dated January 15,
1991). However, until November 30, 1991 passage of (1) the
Series 63 and (2) the Series 2, 6 or 7 examinations may
substitute for passage of the Series 65.
The attached notice provides that passage of the Series 1
examination is deemed passage of the Series 6 or 7 examinations
for purposes of the Rhode Island adviser examination requirement.
We will keep you informed of developments.
W. Richard Mason
Assistant Counsel - Pension
Attachment