Investment Company and. Variable Contracts Products Principals (Series 26) Practice Exam

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What is the regulatory requirement for the completion of the regulatory element after the second anniversary?

90 days
120 days
30 days
1 year

The correct answer is: 120 days

The correct answer relates to the requirement for completing the regulatory element of continuing education for registered individuals in the securities industry. Once a registered person has been in the industry for two years, they must complete the regulatory element every three years. This means they have a specific time frame to fulfill this obligation. The completion window for the regulatory element is 120 days after the completion of a person's two-year anniversary. This is a crucial aspect of maintaining competencies and keeping up with changes in regulations, which is why the timing is explicitly set. Failure to complete this requirement can lead to suspension or other disciplinary actions. The other options suggest different time frames that do not align with the regulatory expectations; hence, they do not represent the correct requirement. Failing to adhere to the specified 120 days can impact a registered individual’s ability to maintain their active status in the industry.