The Series 26 exam — the Investment Company and Variable contracts Products Principal Qualification Exam (IP) — assesses the competency of an entry-level principal to perform their job as an investment company and variable products principal.
The exam measures the degree to which each candidate possesses the knowledge needed to perform the critical functions of an investment company and variable products principal, including the rules and statutory provisions applicable to the supervisory management of companies registered under the Investment Company Act of 1940.
Content Outline
The Series 26 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 the three major job functions of an investment company variable products principal. The table below lists the allocation of exam items for each major job function.
| Major Job Functions | Number of Exam Items |
|---|---|
| (F1) Personnel Management Activities and Registration of the Broker-Dealer | 16 |
| (F2) Supervises Associated Persons and Oversees Sales Practices | 49 |
| (F3) Oversees Compliance and Business Processes of the Broker-Dealer and its Offices | 45 |
| TOTAL | 110 |
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