Risk Control Assessment (RCA) Survey

Update (March 2018): FINRA’s Office of Risk is currently preparing the 2018 RCA. FINRA will contact firms in the near future with updates regarding timing of this year’s survey.

The annual Risk Control Assessment (RCA) is an important part of FINRA’s risk-based surveillance and examination programs. FINRA uses it to improve our current understanding of the risks associated with the business activities in which individual member firms engage, the products and services they sell, and the kinds of customers and counterparties with which they deal. In addition, the RCA helps us identify and assess the integrity of the controls intended to manage those attendant risk exposures.

Completion of the annual RCA enables FINRA teams to have a more current understanding of a firm’s business profile, and thus helps us better focus our surveillance and examination activities. The improved risk-based focus results in more effective and efficient supervision, which may result in a lower regulatory burden for member firms.

The RCA process will be similar to that of prior years. The executive representative (and their designated assistant, if applicable) of all active firms will receive an email with a survey link that is unique to their firm.

If you have questions, please contact the FINRA RCA team.