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Series 17 Exam Meaning & Definition
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Definition of Series 17 Exam
The Limited Registered Representative exam, or the Series 17 exam, is designed and administered by FINRA. This exam is for individuals who are both registered and in good standing with the Financial Services Authority (FSA) in the United Kingdom. Successfully passing the Series 17 exam allows these individuals to extend their license to the United States.
Topics for the Series 17 exam are the same as those for the Series 7 exam. However the topics of options, analysis, equities and municipal securities are excluded. Basically the Series 17 exam is an abbreviated version of the Series 7 exam.
The Series 17 exam is a 100 question, multiple-choice test that must be completed within 2 hours. Cost for this exam is $75.00. Please note that this cost only represents the registration fee for the Series 17 exam. There will most likely be other fees involved with scheduling, scoring or study materials.
Applying "Series 17 Exam" to Securities Exams:
Candidates should be aware that there are prerequisites for the Series 17 exam. In order to be eligible for this exam, candidates must have a current FSA registration.
The Series 17 exam, like all FINRA exams, can be taken at any Pearson Vue testing center. Pearson Vue has testing centers in most large and medium sized cities throughout the country and is open six day a week, making it a nice choice for candidates. This exam is available year round.
Potential candidates for this exam should note that while the exam is available year round, it cannot be taken on Sundays. This fact should be kept in mind when you are scheduling your exam and choosing your testing locations.