Section DFI-Sec 11.01 - Definitions(1) "Approved content" means any materials that are approved by NASAA for use by an authorized provider as part of an educational program for an IAR.(2) "Authorized provider" means a person approved by NASAA to provide approved content.(3) "Broker-dealer" has the meaning given in s. 551.102(4), Stats.(4) "Credit" means a unit of instruction in approved content that is at least 50 minutes long.(5) "FINRA" means the Financial Industry Regulatory Authority.(6) "Home state" means the state in which the IAR has its primary place of business.(7) "IAR ethics and professional responsibility content" means approved content that addresses an IAR's ethical and regulatory obligations.(8) "IAR products and practice content" means approved content that addresses an IAR's continuing skills and knowledge regarding financial products, investment features, and practices in the investment advisory industry.(9) "Investment adviser representative" or "IAR" has the meaning given in s. 551.102(16), Stats.(10) "NASAA" means the North American Securities Administrators Association, its designee, or a designee of its Board of Directors.(11) "Reporting period" means one 12-month period, as determined by NASAA, during which an IAR is required to meet the credit requirements specified in this chapter.Wis. Admin. Code Department of Financial Institutions DFI-Sec 11.01
Adopted by, CR 21-057: cr. Register February 2022 No. 794, eff. 1/1/2023