October 4, 1995
TO: COMPLIANCE COMMITTEE No. 37-95
DIRECT MARKETING COMMITTEE No. 41-95
HUMAN RESOURCES FORUM No. 11-95
MEMBERS - ONE PER COMPLEX No. 85-95
MEMBERS INTERESTED IN CONTINUING EDUCATION/TRAINING No. 1-95
OPERATIONS COMMITTEE No. 27-95
SALES FORCE MARKETING COMMITTEE No. 45-95
RE: NOVEMBER 9TH MEETING ON THE STATUS OF CONTINUING EDUCATION
REQUIREMENTS
______________________________________________________________________________
The Institute will hold a meeting on November 9, 1995, to update members on the
implementation of the Securities Industry Continuing Education Program, and to discuss
compliance ideas. Guest speakers will include Gregg Tyler, Continuing Education Coordinator
at the New York Stock Exchange, and John Linnehan, Director of Continuing Education at the
National Association of Securities Dealers, Inc. ("NASD"). The meeting will be held at 10:00 am
on Thursday, November 9th, in the David Silver Conference Room at the Investment Company
Institute. The Institutes offices are located at 1401 H Street, NW, in Washington, DC. Lunch
will be served after the meeting.
As you know, the first part of the Securities Industry Continuing Education Program, the
Regulatory Element, became effective on July 1, 1995. This element requires many NASD
registrants (among others) to participate in a computer-based training session at various
intervals after the date on which they first became registered. The second part of the continuing
education program, the Firm Element, also became effective on July 1, 1995. It requires NASD-
member firms to analyze the training needs of their employees who are covered by the
requirements and to develop a written plan to deliver the necessary training. Firms will then be
required to begin delivering the training described in their training plans by January 1, 1996.
If you are planning on attending the November 9th meeting, please complete and return the
attached response form by November 6th. If you have any questions, or would like to add items
to the agenda for the meeting, please call me at 202/326-5869.
Stephanie Brown
Director,
Marketing & Training
Attachment