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Printer-Friendly Last Updated: 2/21/08 Supervisory Controls & CEO Certification

Guidance on Complying with NASD Rules 3012 and 3013

This Web page provides firms with additional guidance, including examination findings and answers to frequently asked questions.

Firms are reminded that the requirements of Rules 3012 and 3013 apply to all member firms.¹ Firms should also note that they may access all of the guidance FINRA has provided regarding Rules 3012 and 3013 at the Supervisory Control main page.

While the information presented is designed to be easily understandable, any inconsistency with rule language is unintended and does not alter the express provisions of the rules.

• Common Examination Findings
  
• Frequently Asked Questions
  
• • Supervisory Control Procedures
    
  • Rule 3012 Report
    
  • Heightened Supervision
    
  • Limited Size and Resources
    
  • Transmittals of Funds or Securities from Customers to Third Parties, Changes of Address and Investment Objective
    
  • Annual Certification of Compliance and Supervisory Process
    
    
• An Overview of the Rules
  
• Definitions and Clarifications
  
• Checklist for Supervisory Control Procedures
  
• Steps for Designing a Supervisory Control System

¹ The FINRA rulebook currently consists of both NASD Rules and certain NYSE Rules that FINRA has incorporated. This guidance applies only to NASD Rules 3012 and 3013. Firms that are members of both FINRA and NYSE on or after July 30, 2007 (referred to as "Dual Members") must comply with both the NASD Rules and the incorporated NYSE Rules. Firms that are not Dual Members need not consider any of the incorporated NYSE Rules.