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DIRECT PARTICIPATION PROGRAMS

The NASD Direct Participation Programs Limited Representative qualification examination (Series 22) is designed to test a candidates knowledge of the products, rules and statutory provisions applicable to this category of registration. The principal examination for limited partnerships is NASD Series 39.

This examination is composed of 100 multiple choice questions with a maximum of 135 minutes of testing time allowed for candidates to complete the examination.

Topics
Percentage
1.
Investment Entities For Direct Participation Programs
12%
2.
Types of Direct Participation Programs
11%
3.
Offering Practices Applicable To Direct Participation Programs
14%
4.
Tax Issues Applicable To Direct Participation Programs
20%
5.
Regulation Of Direct Participation Programs
32%
6.
Factors To Consider In Evaluating Direct Participation Programs
11%

 

 

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