Regulatory Notice 10-58

Broker-Dealer, Investment Adviser Firm, Agent and Investment Adviser Representative, and Branch Renewals for 2011

 

Payment Deadline: December 13, 2010

Executive Summary

The 2011 Renewal Program begins on November 15, 2010, when FINRA makes available the online Preliminary Renewal Statements to all firms on Web CRD/IARD.

 

Firms should note the following key dates in the 2011 renewal process:

 

October 25, 2010*Firms may begin submitting post-dated Form U5 and BR Closing/Withdrawal filings via Web CRD/IARD.
November 1, 2010*Firms may begin submitting post-dated Form BDW and ADV-W filings via Web CRD/IARD.
November 15, 2010Preliminary Renewal Statements are available on Web CRD/IARD.
December 13, 2010Full payment of Preliminary Renewal Statements is due.
January 3, 2011Final Renewal Statements are available on Web CRD/IARD. 
February 4, 2011Full payment of Final Renewal Statements is due.

 

*Please Note: Post-dated filings submitted by 11 p.m., Eastern Time (ET), November 12, 2010, do not appear on the firm’s Preliminary Renewal Statement. The only allowed date for post-dated termination filings is December 31, 2010.

 

FINRA advises firms that failure to remit full payment of their Preliminary Renewal Statements by December 13, 2010, may cause the firm to become ineligible to do business in the jurisdictions where it is registered, effective January 1, 2011.

 

In addition to this Notice, firms should review the instructions posted at www.finra.org/renewals, especially the 2011 Renewal Program Bulletin, the 2011 IARD Renewal Program Bulletin (if applicable) on the Investment Adviser Registration Depository (IARD) website at www.iard.com/renewals.asp, and any information mailed to ensure continued eligibility to do business as of January 1, 2011.

 

Please direct questions concerning this Notice to the FINRA Gateway Call Center at (301) 869-6699.