Firms are required annually to renew their FINRA, other self-regulatory organization (SRO) and state/jurisdiction registrations through the FINRA Annual Renewal Process, which begins in the fourth quarter of each year. FINRA collects all applicable registration renewal fees on behalf of itself and participating regulators, which enables firms to submit their total renewal payment to FINRA instead of each regulator.
Your firm must pay all applicable registration renewal fees assessed on its Preliminary Renewal Statement for the firm, branch offices and associated individuals to ensure continued eligibility to do business in the coming year.
Firms must use their FINRA Renewal Accounts to pay their annual renewal fees. FINRA notifies firms when the Annual Renewal Program begins and firm Renewal Statements are available in Web CRD/IARD.
To renew registrations, firms must perform the following actions:
|Review the 2016 Annual Renewal Program Calendar
Firms should review the CRD 2016 Renewal Calendar for payment and filing deadlines. It also covers the availability of the Web CRD/IARD during year-end renewal processing.
|Read the Preliminary Renewal Statement Regulatory Notice
Read the Preliminary Renewal Statement Regulatory Notice for detailed information on how to renew the registrations of your firm and registered representatives.
|Retrieve your Firm’s Preliminary Renewal Statement
Beginning November 16, 2015, firms can view and print their Preliminary Renewal Statements and renewal reports, which provide detailed information on the registration renewal fees assessed, by logging onto Web CRD or the Firm Gateway.
|Pay your Firm’s Preliminary Renewal Statement
Payment Deadline: December 18, 2015. Review the Renewal Program Payment Options for detailed information. FINRA recommends that you submit your payment with sufficient time to allow for mail delivery and/or payment processing to post to your Renewal Account by the deadline. FINRA-registered firms that do not have payment posted by the deadline may be assessed a Renewal Late Fee.
|Retrieve your Firm’s Final Renewal Statement
Beginning January 4, 2016, firms can review Final Renewal Statements and renewal reports by logging onto Web CRD or the Firm Gateway. Any adjustments in fees owed as a result of registration terminations or approvals subsequent to the Preliminary Renewal Statement will be reflected in this statement. You should review the statement for accuracy and keep a copy of the renewal reports for your records. The Final Renewal Statement Regulatory Notice provides detailed information.
|Reconcile or Pay your Final Renewal Statement
Report in writing to FINRA any discrepancies you find on your Final Renewal Statement. FINRA must receive this by January 15, 2016. This is also the deadline date for which FINRA must receive payment if there is a balance due on your firm’s Final Renewal Statement. Review the Renewal Program Payment Options for detailed information. If your firm overpaid renewal fees then view instructions on How to Request a Renewal Refund from FINRA.