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Regulatory Notifications

Several rules require notification to FINRA and the U.S. Securities and Exchange Commission (SEC) based on certain financial and operational obligations. FINRA’s Regulatory Notifications application in FINRA Gateway provides a filing system for member firms to electronically submit this information to FINRA. For guidance related to submitting required notifications to the SEC, firms should visit the SEC’s website or contact the SEC.


FINRA has improved member firms’ compliance and reporting experience by creating a new streamlined and intuitive data entry process for Financial Notifications – now known as Regulatory Notifications. FINRA updated 13 existing Regulatory Notification forms, including:

  • new, combined forms and filings to reduce redundant reporting; and
  • a new amendments function to help firms make changes to forms.

On April 27, 2024, Financial Notifications will be located under a new “Regulatory Notifications” header on the Browse Forms & Filings page in FINRA Gateway and will include updated rule references.

  • Until April 27, 2024, firms can continue to create new filings, edit draft filings, and view submitted filings on the Browse Forms & Filings page, under “Financial Notifications.” 
  • Draft filings of the 13 updated forms (listed in the table below) that have not been submitted by 8:00 pm EST on April 26, 2024, will be deleted. Users with draft filings will be notified before this date.
  • Beginning April 27, 2024, firms will be able to create new forms on the Browse Forms & Filings page, under “Regulatory Notifications.” 

In addition, FINRA added two new forms for Covered Agency Transactions Pursuant to Regulatory Notice 23-14 (Amendments to Covered Agency Transaction Requirements under FINRA Rule 4210; Announcement of Effective Date). 

List of Notifications

Current NameName Effective April 27, 2024Rule Reference
Statement Regarding Independent Public AccountantRevised & consolidated to: Statement & Replacement of AccountantSEA Rule 17a-5(f)(2) & SEA Rule 17a-5(f)(3)
Replacement of Accountant
Failure to Make and Keep Current Books and/or Records – Initial NotificationRevised & consolidated to: Failure to Keep Books and RecordsSEA Rule 17a-11(c)
Failure to Make and Keep Current Books and/or Records – Follow Up Report
Notice of Material Inadequacy or Material Weakness – Initial NotificationRevised & consolidated to: Material Weakness & Material InadequacySEA Rule 17a-11(d)(1), SEA Rule 17a-11(d)(2) & SEA Rule 17a-5(h)
Material Inadequacy or Material Weakness – Follow Up Report
Withdrawals of Equity CapitalWithdrawals of Equity CapitalSEA Rule 15c3-1(e)(1)(i) or SEA Rule 15c3-1(e)(1)(ii)
Failure to make a deposit in the special reserve bank account or special account (SEA Rule 15c3-3(i))Special Reserve Account (Hindsight Deficiency)SEA Rule 15c3-3(i) & SEA Rule 15c3-3(i) & SEA Rule 15c3-3(i) & SEA Rule 15c3-3(i)/01
Undertaking Regarding Electronic Recordkeeping SystemElectronic Recordkeeping SystemsSEA Rule 17a-4(f)(3)(v)(A)
Net Capital below minimum amount required (SEA Rule 17a-11(b))Net Capital DeficiencySEA Rule 15c3-1(a) & SEA Rule 17a-11(a)(1)
Aggregate Indebtedness > 1200% of Net CapitalAggregate Indebtedness in Excess of 1,200% of Net CapitalSEA Rule 17a-11(b)(1)
Net Capital < 5% Aggregate Debit ItemsNet Capital less than 5% of Aggregate Debit ItemsSEA Rule 17a-11(b)(2)
Net Capital < 120% Minimum Net CapitalNet Capital less than 120% of Required Minimum Net Capital (Early Warning)SEA Rule 17a-11(b)(3)
Failure to make a deposit in the Special Reserve Account for the Exclusive Benefit of Security-Based Swap customersSpecial Reserve Account (Hindsight Deficiency)SEA Rule 17a-11(f)
NEW Effective April 27, 2024: Covered Agency TNC Threshold > $25 MillionCovered Agency TNC Threshold > $25 MillionFINRA Rule 4210(e)(2)(H)
NEW Effective April 27, 2024: TNC Threshold >5% or >25%TNC Threshold >5% or >25%FINRA Rule 4210(e)(2)(I)

If you have problems using the Regulatory Notifications application, please contact the FINRA Support Center at (800) 321-6273. FINRA also encourages firms to contact their assigned Risk Monitoring Analyst for additional guidance.