Regulatory Notice 12-11

SEC Approves New FINRA Rule 4524 Requiring the Filing of Supplemental FOCUS Information and a Supplementary Schedule to the Statement of Income (Loss) Page of the FOCUS Report

 

Implementation Date: FINRA Rule 4524 will be implemented on February 28, 2012. The due date of the initial supplementary schedule, covering the quarter ending September 30, 2012, is October 26, 2012.

Executive Summary

The SEC approved the adoption of new FINRA Rule 4524 (Supplemental FOCUS Information), which requires each firm, as FINRA shall designate, to file such additional financial or operational schedules or reports as FINRA may deem necessary or appropriate for the protection of investors or in the  public interest as a supplement to the FOCUS Report. The SEC also approved the adoption of one such schedule, the Supplemental Statement of Income (SSOI), as a supplement to the Statement of Income (Loss) page of the FOCUS Report.


The implementation date of FINRA Rule 4524 is February 28, 2012. The due date of the initial SSOI, covering the quarter ending September 30, 2012, is October 26, 2012.

 

The text of FINRA Rule 4524 is set forth in Attachment A. The SSOI, including the Operational Page, can be found at www.finra.org/notices/12-11.

 

Questions concerning this Notice should be directed to:

  • Kris Dailey, Vice President, Risk Oversight & Operational Regulation, at (646) 315-8434;
  • Susan DeMando Scott, Associate Vice President, Financial Operations Department, at (202) 728-8411; or
  • Matthew E. Vitek, Assistant General Counsel, Office of General Counsel, at (202) 728-8156.

 

The SSOI has been updated to reflect technical amendments made on June 26, 2012. Use the updated version and its corresponding instructions when submitting the SSOI through the eFOCUS platform.