NASD Notice to Members 05-73 - November 2005

Broker-Dealer, Investment Adviser Firm, Agent and Investment Adviser Representative Renewals for 2006; Payment Deadline: December 14, 2005

Executive Summary

The 2006 NASD Broker-Dealer and Investment Adviser Registration Renewal Program will begin on November 21, 2005, when online Preliminary Renewal Statements are made available to all firms on Web CRD/IARD. This annual program simplifies the registration renewal process for more than 27,000 broker-dealer (BD) and investment adviser (IA) firms, and over 700,000 registered representatives and investment adviser representatives with the payment of one amount to NASD by the published deadline. Beginning this year, other regulators may also choose to renew branch registrations via Web CRD/IARD. On November 1, 2005, firms may start submitting post-dated Forms ADV-W via IARD. Beginning November 7, 2005, firms may start submitting post-dated Forms U5, BDW and BR Closing/Withdrawal via Web CRD/IARD. Post-dated filings that are submitted by 11 p.m. Eastern Time (ET), November18, 2005, will not appear on the firm's Preliminary Renewal Statement.

 

Renewal statements will include the following fees: NASD Web CRD System Processing Fees, NASD Branch Office Fees, as well as New York Stock Exchange (NYSE), American Stock Exchange (Amex), Chicago Board Options Exchange (CBOE), International Securities Exchange (ISE), Pacific Exchange (PCX) and Philadelphia Stock Exchange (PHLX) Maintenance Fees. The statement will also include State Agent, State Broker-Dealer, and, if applicable, State Investment Adviser Firm and Investment Adviser Representative Renewal Fees and Broker-Dealer and/or Investment Adviser Branch Renewal Fees.

 

Questions concerning this Notice may be directed to the Gateway Call Center at (301) 869-6699.