Definition of 'Series 26'
A securities license entitling the holder to register as a limited principal who supervises and manages sales activities for investment companies and annuities. The multiple choice exam is administered by the Financial Industry Regulatory Authority (FINRA) and candidates must first pass this 110 question exam with a grade of 70% or more in order to qualify for registration as an Investment Company Products/Variable Contracts limited principal.
Investopedia explains 'Series 26'
The Series 26 exam covers five main topics related to the supervisory role of a Limited Principal; hiring and qualification, training of representatives, supervision, sales practices, business processing and recordkeeping rules. Candidates receive two hours and 30 minutes to finish the 110 question exam.
In order to qualify to write the exam, candidates must have passed the Series 6 or Series 7 exam.