The Series 23 exam — the General Securities Principal Qualification Exam – Sales Supervisor Module (GP) — assesses the competency of an entry-level principal to perform their job as a general securities principal The Series 23 exam is an alternative to taking the General Securities Principal Exam (Series 24) and is appropriate for a candidate who is registered as a General Securities Sales Supervisor (SU) and wants to register as a General Securities Principal.
The Series 23 exam measures the degree to which each candidate possesses the knowledge needed to perform the critical functions of a general securities principal, including the rules and statutory provisions applicable to the supervisory management of a general securities broker-dealer.
Content Outline
The Series 23 Content Outline provides a comprehensive guide to the range of subjects covered on the exam, as well as the depth of knowledge required.
The outline is comprised of five major job functions. The table below lists the allocation of exam items for each major job function.
| Major Job Functions | Number of Exam Items | |
|---|---|---|
| Function 1 | Supervision of Registration of the Broker-Dealer and Personnel Management Activities | 6 |
| Function 2 | Supervision of General Broker-Dealer Activities | 26 |
| Function 3 | Supervision of Retail and Institutional Customer-Related Activities | 12 |
| Function 4 | Supervision of Trading and Market Making Activities | 28 |
| Function 5 | Supervision of Investment Banking and Research | 28 |
| TOTAL | 100 | |
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