I understand no sponsorship is to take a Series 3. I wonder if thre is term that it needs renewed or valid for? Thanks!
A series 3 expires after 2 years w/o registration. (a) Except as provided elsewhere in this Rule, any individual applying to become a Member of NFA as an FCM, an IB, a CPO, a CTA, an LTM, or for registration under the Act as an AP of any of the foregoing, or applying for registration with NFA as an Associate pursuant to NFA Bylaw 301(b) shall not be granted NFA membership, registered under the Act as an AP, or registered as an Associate Member of NFA unless: (1) NFA has received satisfactory evidence that the applicant has taken and passed the National Commodity Futures Examination (Series 3) on a date which is no more than two years prior to the date the application is received by NFA; or (2) NFA has received satisfactory evidence that the applicant has taken and passed the National Commodity Futures Examination (Series 3) and since the date the applicant last passed such examination, there has been no period of two consecutive years during which the applicant has not been either registered as a FB, AP or principal of an FCM, IB, CTA, CPO or LTM. http://www.nfa.futures.org/nfamanual/NFAManual.aspx?RuleID=RULE 401&Section=8