Series 65: Look-Back Provision

Look-Back Provision

The pay to play rule contains a look-back provision, which requires advisers to look back when determining whether a covered associate has triggered the ban on advisory business.

A contribution will trigger the ban if it was made within:

• • Two years prior to the date the individual became a covered associate, in the case of covered associates who solicit clients for the adviser
• • Six months prior to the date the individual became a covered associate, in the case of covered associ