Regulatory Notice 13-08

FINRA Amends Rule 4530 to Eliminate Duplicative Reporting and Provide the Option to File Required Documents Online Using a New Form

 

Implementation Dates: March 4, 2013, and July 1, 2013

Executive Summary

FINRA has amended Rule 4530 to provide member firms: 

  • an exception for reporting information that is reported on the Form U4;
  • an exception for reporting findings and actions by FINRA; and
  • the option of filing required documents online using a new form.

The implementation date for the exception for reporting information that is reported on the Form U4 (Rule 4530(e)) and the exception for reporting findings and actions by FINRA (Rule 4530.10) is March 4, 2013. The implementation date for the option of filing required documents online  using the new form (Rule 4530(g)) is July 1, 2013.The text of the amendment is set forth in Attachment A. The data fields  in the new form, including explanations of selected fields, are set forth in Attachment B.

 

Questions regarding this Notice should be directed to Afshin Atabaki, Associate General Counsel, Office of General Counsel, at (202) 728-8902.

 

Technical questions regarding the Form U4 exception should be directed to FINRA’s Gateway Call Center at (301) 590-6500. Technical questions regarding the online filing option and the new form should be directed to the FINRA Help Desk at (800) 321-6273.