Just downloaded the new IA rule. Yes, every 2 years starting in 2007, the IA certificate in your pocket will have to have your friendly fed's signature. HOWEVER, and this is the part that will catch a bunch of IA's, the requirements of 65.93 MUST still be met in year one in order for the IA to be valid in year 2. So........what has changed you may ask?? NOTHING!!! except the requirment of the feds to sign the card annually. Oh ya.....and if you somehow forget to document your work or don't meet the requirments of 65.93 in year one, and do an annual or 2 in year 2......YOU are now in violation. Sounds like a loose loose for IA's to me.
The comment period is on until March 1, 2007. I've already sent in my 2-cents against this. Don't see any benefit to anyone,; especially IA's.
here is a link to find out more:
http://www.amtonline.com/article/articl ... =1&id=3295
Glenn