Series 31 Exam is the Futures Managed Funds Exam, or Series 31 exam, it is required for those individuals who want to receive trailing commissions on commodity limited partnerships, commodity pools or managed accounts as guided by Commodity Trading Advisors. It is also required for those individuals who wish to supervise these same activities.

Topics for the Series 31 exam include:

• General Market Knowledge – 12 Questions
• CTA/CPO Regulations – 5 Questions
• Know Your Customer – 2 Questions
• Promotional Material – 2 Questions
• Regulations – 9 Questions
• CTA/CPO Disclosure – 8 Questions
• Upfront Fees – 7 Questions

This is a 45 question, multiple-choice exam that must be completed within 60 minutes. To be successful candidates must score a minimum of 70% of their Series 31 exam. The cost for this test is $85.00. Keep in mind this price only reflects the cost of the test its self and does not include any additional registration or testing fees.