Supplemental Statement of Income (SSOI)

Regulatory Notice 12-11 announced SEC approval of FINRA Rule 4524 (Supplemental FOCUS Information), which requires all firms to file a Supplemental Statement of Income (SSOI) to provide more detailed revenue and expense data than reflected in the FOCUS report. Subsequent to that approval, FINRA made minor, “non-substantive” and technical changes to the Form SSOI and related instructions. These changes were approved by the SEC on June 26, 2012.

 

Firms should ensure that they are using the updated version of Form SSOI and related instructions as they prepare to file the SSOI.

 

View 2014 Filing Due Dates.

 

Form SSOI

 

Sample Files for Import

Below are samples of the SSOI layout for firms that use the import feature in eFocus to file their FOCUS.

 

Tutorial

 

Frequently Asked Questions

Read the frequently asked questions for information on filling out each section of the SSOI.

 

Other Guidance

How will I submit the Supplemental Statement of Income (SSOI)?
The SSOI should be filed using FINRA’s eFOCUS system, which is available on the Firm Gateway.

 

Will I need a new entitlement to submit the SSOI?
No. If you have entitlement to eFOCUS, you will be able to submit the SSOI.  Entitlement to eFOCUS is coordinated with your Firm’s SAA (Super Account Administrator).

 

Is eFOCUS changing to accommodate the SSOI?
No. The SSOI is simply an additional form that will be filed on eFOCUS. Firms will have the ability to use the methods that are currently supported to submit the SSOI. This includes entering the data directly in eFOCUS and uploading Excel, text or XML files.

 

Where will I see the SSOI?
It will display in the filing views along with the FOCUS and Schedule I. The “Report Type” will be SSOI.

Last Updated: 3/10/2014