The Series 31 examthe Futures Managed Funds Examinationis a National Futures Association (NFA) exam administered by FINRA.
The exam consists of 45 scored questions. Candidates have one hour to complete the exam. The passing score is 70%.
For additional information about this exam, including the content outline, please visit theNational Futures Association Proficiency Exam page.
The test administrator will provide whiteboard/dry erase marker and basic electronic calculators to the candidates, whichmustbe returned to the test center administrator at the end of the testing session. Some test questions involve calculations.Onlythe provided calculators may be used during the examination.
The examination may contain questions that require the use of exhibits (e.g.,charts, graphs, tables). If so, the questions will indicate when to refer to an exhibit.
Candidates arenotpermitted to bring any reference materials to testing sessions.Severe penaltiesare imposed on candidates who cheat or attempt to cheat on FINRA administered examinations.
To learn more about logistics and protocols for your exam day, please seeOn The Day of Your Exam.
Exam Candidates Requiring Special Accommodations
Candidates with Limited English Proficiency (LEP)
Qualification and Registration Requirements Frequently Asked Questions (FAQ)
Qualification Exam Frequently Asked Questions (FAQ)
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