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CHEAT SHEET · SERIES 26

Series 26 Cheat Sheet.
The night-before summary, built like the exam.

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By Vincent Ruan, EA, CFP®Published August 9, 2026
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The numbers to remember

  • 110 total questions
  • 165 minutes (2 hours and 45 minutes) time limit
  • 70% passing score, with no separate scaled-score chart to memorize
  • $200 exam fee
  • Must be sponsored by a FINRA member firm (or applicable SRO member firm) to sit for the exam — you can't self-register
  • Corequisite: SIE and Series 6 or Series 7 required to hold the registration
  • SIE exam valid for up to 4 years; most other qualification exams stay valid for 2 years after registration termination
  • Retake wait: 15 days after a first or second failure; 60 days after three or more consecutive failures within two years

Content domains and weights

  • Function 2 — Supervises Associated Persons and Oversees Sales Practices: 49 questions (the largest function — nearly half the exam; covers correspondence review, sales-practice oversight, and complaint handling)
  • Function 3 — Oversees Compliance and Business Processes: 45 questions (books/records, financial responsibility, AML supervision — nearly as heavy as Function 2)
  • Function 1 — Personnel Management Activities and Registration: 16 questions (smallest function by count, but still fully scored toward your 70%)

High-yield review areas

  • Supervisory review of correspondence, advertising, and sales literature before it goes out
  • Customer complaint handling and escalation procedures
  • Books and records retention requirements for principals
  • Financial responsibility oversight and AML program supervision duties
  • Registration and personnel-management requirements for associated persons
  • Distinguishing which control or approval step would have caught a given supervisory failure in a scenario question

Top traps

  • Underweighting Function 2 in study time because it feels procedural — it's nearly half the exam
  • Skipping Function 3 compliance detail since it's technically smaller than Function 2 — it's only 4 questions behind
  • Assuming you can retake immediately after a miss — a first or second failure still costs 15 days, and a third consecutive failure costs 60
  • Forgetting that sponsorship by a member firm, not self-registration, is required to even sit for this exam
  • Treating the SIE and Series 6/7 corequisites as optional add-ons rather than requirements for holding the registration
  • Pacing poorly across 165 minutes and 110 questions — practice the full length under timed conditions before exam day
  • Confusing knowledge gaps with careless errors when reviewing missed practice questions — the fix for each is different

Frequently asked questions

What should I review the night before the Series 26?

Stick to a high-level pass: the 110-question, 165-minute format, the 70% passing standard, and the relative weight of the three functions, with Supervises Associated Persons and Oversees Sales Practices (49 questions) and Oversees Compliance and Business Processes (45 questions) carrying the most weight. Skim the scenarios that gave you trouble in practice rather than re-reading full chapters.

How long is the actual Series 26 exam?

The real exam gives you 165 minutes, described by FINRA as 2 hours and 45 minutes, to answer 110 questions.

What score do I need to pass the Series 26?

You need 70% correct across the 110 scored questions. There's no separate scaled-score chart to worry about — just clear the 70% line.

Is this cheat sheet free and printable?

Yes — it's a free quick-reference summary of the exam's numbers, content weights, and common traps, and it's formatted to print or save for a final review pass before test day.

What happens if I fail the Series 26 and need to retake it?

After a first or second failure you must wait 15 calendar days before retaking the exam. If you fail three or more times in a row within a two-year period, that wait jumps to 60 calendar days from your last attempt.

Do I need any other exams before I can hold the Series 26 registration?

Yes. To hold the Investment Company and Variable Contracts Products Principal registration, you also need to pass the SIE and either the Series 6 or Series 7, and you must be sponsored by a FINRA member firm to sit for the Series 26 in the first place.

Sources

  1. 1.Series 26 – Investment Company and Variable Contracts Products Principal ExamFINRA (accessed Aug 9, 2026)
  2. 2.Qualification ExamsFINRA (accessed Aug 9, 2026)
  3. 3.FINRA Rule 1210 (Registration Requirements) — Supplementary Material .06FINRA (accessed Aug 9, 2026)
  4. 4.Qualification Exam Frequently Asked Questions (FAQ)FINRA (accessed Aug 9, 2026)
  5. 5.Enroll for a FINRA ExamFINRA
  6. 6.FINRA Exam Scheduling (Prometric)Prometric

Official sources

Every exam fact on this page traces to a primary document published by the body that administers the exam.

Last verified against the official exam content outline: