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Register a New Candidate

FINRA Fingerprint Process Change

FINRA is adjusting the previously-announced timeline for its new fingerprint process for broker-dealer firms and funding portals. The transition will not occur before November, and there are no changes to the fingerprint process at this time. Broker-dealers and funding portals should review the FINRA Fingerprint Process Change page for task instructions, deadlines and other information.


Firms must register any person engaged in the securities business of the firm by filing the appropriate registration application online through the Central Registration Depository (CRD) Program to become registered with FINRA, the appropriate jurisdictions and/or self-regulatory organizations.

CRD Is Moving to FINRA Gateway: Classic CRD Features Retired August 21

FINRA is integrating the registration filing functionality that supports the CRD Program into FINRA Gateway. The deployment of registration compliance tools will be incremental over time, so firms should expect to use both Classic CRD and FINRA Gateway until the integration is complete.

On August 21, the following Classic CRD features were retired:

  • View Individual
  • View Organization
  • Branch Composite View
  • Individual Search
  • Branch Search (also known as Organization Search)
  • Form U5 Filing Capabilities
  • Several Classic CRD Reports

All other current Classic CRD functionality will continue to be supported. Form U5 drafts not submitted before August 21 were invalidated, but a read-only version will be made available through September 25 in Classic CRD.

Retirement dates for other functionality will be announced as they become available. See the Move Over, Firm Gateway: What to Expect on August 21, 2021 webinar recording and the Registration Filing in FINRA Gateway page for more details.

CRD-Registered Firms


Firms registered with one or more CRD-participating regulators must file a Form U4 (Uniform Application for Securities Industry Registration or Transfer Form) for each individual who will perform particular activities on behalf of the firm.

Non-FINRA Firms


Test Enrollment Services System (TESSTM) should be used by individuals who are not associated with a firm in CRD. TESS allows individuals to self-enroll for a FINRA-administered qualification exam or continuing education (CE) session. Individuals who hold an active registration in CRD with a firm cannot use this system.

Generally, individuals who use TESS fall into one of the following categories:

  • they are not employed or associated with a firm, or
  • they are employed by a firm and required to enroll for a FINRA-administered exam or CE by a regulatory authority, but their firm association is not captured in CRD.

Jurisdictions and SROs that participate in CRD are listed in the SRO/Jurisdiction Fee and Setting Schedule.


Fees


Applicable examination fees and registration-related fees are assessed with form filings submitted through CRD. Non-FINRA firm candidates will be assessed fees for their qualification exams at the time of enrollment request.


Waiver Guidelines


FINRA, in exceptional cases, may waive qualification examinations and accept other standards as evidence of an applicant’s qualification for registration. Waiver requests must be filed electronically via the FINRA Gateway.


Withdrawing an Individual Application (Form U5)


To voluntarily withdraw a Form U4 application filed on behalf of a registered individual, an Applicant (and member firm) should file Form U5 (the Uniform Termination Notice for Securities Industry Registration) electronically to CRD. A filing fee will be deducted from the firm's CRD account once filed. See Article V, Section 3 of FINRA By-Laws regarding the member firm's obligation to notify FINRA and the associated person of the termination, and the continuing obligation of the member firm to update the Form U5 after termination.