SEC Provides Temporary Exemptive Relief from Fingerprinting Requirements for, Among Others, Members and All of Their Associated Persons; FINRA Provides Additional Temporary Extension of Time for Submission of Fingerprint Information for Registered Persons
On March 20, 2020, the Securities and Exchange Commission (the Commission) issued an order that, among other things, provides a temporary exemption until May 30, 2020 from the fingerprinting requirements of Securities Exchange Act Rule 17f-2 for FINRA members. As a condition of the relief, the Order requires written notification to the Commission by May 30, 2020, that a person will rely on the exemption. FINRA has provided that notification on behalf of all of its members, their employees and associated persons. With respect to an individual seeking registration pursuant to the submission of a Form U4, a FINRA member firm seeking to avail itself of this temporary exemptive relief for registered persons must comply with FINRA’s guidance with respect to FINRA Rule 1010, which is set forth below. A FINRA member firm seeking to avail itself of this temporary exemptive relief for non-registered associated persons (NRFs) must comply with the recordkeeping requirements set out in the guidance regarding NRFs below.
FINRA processes fingerprints firms submit on behalf of their associated persons, who are required to be fingerprinted pursuant to Section 17f-2 of the Securities Exchange Act of 1934. The fingerprint requirements for funding portals differ slightly from broker-dealers; the information provided on this page and related links pertain to broker-dealers. Funding portals should review the Fingerprint Processing for Funding Portals page for their complete information.
Firms can submit fingerprint information to FINRA in two ways: electronically through FINRA's Electronic Fingerprint Submission (EFS) Program or by using hard copy fingerprint cards. FINRA’s Electronic Fingerprint Processing (EFP) enables FINRA to electronically exchange fingerprint information with the FBI, which includes transmitting fingerprints to the FBI and receiving results for upload to Web CRD.
FINRA does not process fingerprint transactions for investment adviser (IA) firms. An IA-only firm must submit fingerprints directly to those states that require a fingerprint check for an RA registration. Contact the applicable state to verify state fingerprint requirements. Fingerprint submissions received by FINRA from an IA-only firm will not be returned to the firm.
What Do You Want to Do?
Submit fingerprints electronically through FINRA’s EFS program or via hard copy.
FBI results are automatically uploaded into Web CRD for broker-dealer firms.
Fingerprint submissions deemed illegible or rejected by the FBI must be resubmitted.
Firms are assessed fees for each fingerprint submission to FINRA.
Find a commercial vendor that is certified to participate in the Electronic Fingerprint Submission (EFS) Program.
Learn about the process that firms or vendors must complete in order to become certified to process fingerprints electronically.
- Fingerprint Status Codes
- Frequently Asked Questions about Fingerprints
- EFS Error Help Guide
- Web CRD Quick Reference Guide on Form U4
Contact the Gateway Call Center:
Broker-dealer firms: (301) 869-6699
Funding portals: (301) 590-6500