NASD Notice to Members 05-66 - October 2005

SEC Approves Uniform Branch Office Registration Form (Form BR) and Conforming and Technical Changes to Forms U4 and U5; Effective Date: October 31, 2005

Executive Summary

The Securities and Exchange Commission (SEC) has approved the Form BR and technical changes to the Form U4 and Form U5. The Form BR replaces Schedule E of the Form BD, the current New York Stock Exchange, Inc. (NYSE) Branch Office Application Form and certain state branch office forms, and will enable firms to register branch offices electronically with NASD, the NYSE and states that require branch registration or reporting via a single filing through the CRD system.

 

This Notice gives an overview of the new Form BR and revisions to the Forms U4 and U5. The Notice also provides members with a timetable and guidance to assist them in the transition from existing branch forms to the Form BR. Copies of the new forms are available on NASD's Web site at www.finra.org/crdbranchoffice.

 

The new Form BR and the revised Forms U4 and U5 become effective on October 31, 2005. However, as described below, NASD will begin the transition process to the Form BR for branch offices inexistence as of the close of business on October 14, 2005.

 

Questions concerning this Notice may be directed to Chip Jones, Vice President, Registration and Disclosure (RAD), at (240) 386-4797; Richard E. Pullano, Associate Vice President/Chief Counsel, RAD, at (240) 386-4821; or Stefanie M. Watkins, Senior Counsel, RAD, at (240) 386-4824.

 

See Exchange Act Release No. 52544(September 30, 2005) (Order Granting Approval of Proposed Rule Change Relating to Proposed Form BR (Uniform Branch Office Registration form) and Conforming Changes and Technical Revisions to the Form U4 and Form U5); File No. SR-NASD-2005-030) (SEC Approval Order).