Regulatory Notice 11-51

Broker-Dealer, Investment Adviser Firm, Agent and Investment Adviser Representative, and Branch Renewals for 2012

 

Payment Deadline: December 12, 2011

Executive Summary

The 2012 Renewal Program begins on November 14, 2011, when FINRA makes the online Preliminary Renewal Statements available to all firms on Web CRD/IARD.

 

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

 

October 24, 2011Firms may begin submitting post-dated Form U5 and BR Closing/Withdrawal filings via Web CRD/IARD.
  
November 1, 2011

Firms may begin submitting post-dated Form BDW and  DV-W filings via Web CRD/IARD.

 

Please Note: Post-dated filings submitted by 11 p.m., Eastern Time (ET), November 11, 2011, do not appear on the firm’s Preliminary Renewal Statement. The only allowed date for post-dated termination filings is December 31, 2011.

  
November 14, 2011Preliminary Renewal Statements are available on Web CRD/IARD.
  
December 12, 2011Full payment of Preliminary Renewal Statements is due.
  
January 3, 2012Final Renewal Statements are available on Web CRD/ IARD.
  
February 3, 2012Full payment of Final Renewal Statements is due.

 

FINRA advises FINRA-registered firms that failure to remit full payment of their Preliminary Renewal Statements to FINRA by December 12, 2011, may cause the firm to become ineligible to do business in the jurisdictions where it is registered, effective January 1, 2012. FINRA-registered firms will also be subject to a late fee if payment is not received by this deadline.

 

In addition to this Notice, firms should review the renewal instructions, especially the 2012 Renewal Program Bulletin, the 2012 IARD Renewal Program Bulletin (if applicable) on the Investment Adviser Registration Depository (IARD) website, and any information mailed to ensure continued eligibility to do business as of January 1, 2012.

 

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