NASD 3230(c)(3) and NYSE 382 Clearing Notifications
Rule 3230(c)(3) requires that each year, by no later than July 31, each clearing member firm notify in writing the introducing/correspondent member firm's chief executive and compliance officers of the reports offered to the introducing member firm pursuant to 3230(c)(1) and the reports requested by or supplied to the introducing member firm as of such date. Rule 3230(c)(3) also requires the clearing member firm to provide to the introducing member firm’s DEA a copy of both the notice of available reports and the list of reports requested by or supplied to the introducing member firm. The same process is required by NYSE Rule 382. Submission in electronic format, such as Adobe PDF, is requested.
In light of the annual July 31 compliance deadline, FINRA Member Regulation Department has centralized the 3230(c)(3) notification submission process, which includes functionality that allows clearing member firms to submit through this web page electronic files of notifications in a format such as Adobe PDF.
Clearing member firms may submit to FINRA the required notifications and list of reports requested by or supplied to the introducing member firm as of such date in any one of these two ways in compliance with the rule:
- Sending an email to 3230c3Notifications@finra.org with electronic scanned copies attached, in a format such as Adobe PDF, for files of 10 megabytes or less in size; or
- Sending paper copies, or preferably data CDs containing Adobe PDF electronic files (the best medium for large submissions of more than 10 megabytes in size), via US Mail or overnight service to the following street address:
Attention: 3230(c)(3) Notifications Review/John Barron
FINRA Member Regulation
Examination Programs, 6th Floor
1735 K Street, NW
Washington, DC 20006
For questions regarding submissions required by NASD Rule 3230(c)(3), please contact John Barron at (202) 728-8221. For technology related questions, please contact the FINRA Call Center at (800) 321-6273, and follow the prompts to obtain technical assistance.