Heading of the Part: Regulations Under Illinois Securities Law of 1953.

The document outlines proposed amendments to regulations under the Illinois Securities Law of 1953, including new definitions, amendments to existing rules, and continuing education requirements for Illinois-licensed Investment Adviser Representatives (IARs). The proposed changes aim to align Illinois' rules with federal regulations and other states, ensuring uniformity among financial professionals. Interested parties have 45 days to comment on the proposed rulemaking, which also details examination and education program requirements for registration as an Investment Adviser Representative under the Act. Additionally, the document specifies conditions under which IARs who become unregistered can maintain the validity of their Series 65 or Series 66 examinations for up to five years, as well as provisions for individuals registered as both IARs and salespersons, and salespersons with FINRA-member securities dealers. The document also introduces the Exam Validity Extension Program (EVEP) for IARs. [Extracted from the article]