Government Shutdown Information

Regulatory Notice 25-14

Broker-Dealer, Investment Adviser Firm, Agent and Investment Adviser Representative, and Branch Renewals for 2026

Published Date:
Payment Deadline: Dec. 8, 2025

Summary

FINRA's Renewal Program facilitates the collection and disbursement of fees for broker-dealer (BD) and investment adviser (IA) registrations, exempt reporting, and notice filings with participating self-regulatory organizations (SROs) and jurisdictions. The program operates through two key statements:

  • Preliminary Statement (November 2025): Outlines initial renewal fees
  • Final Statement (January 2026): Confirms or reconciles actual fees due after January 1, 2026

These statements cover all renewal fees for firms, branches and individuals.

Firms should note that, as announced in SR-FINRA-2024-019, beginning with the 2026 Renewal program, FINRA is adopting a tiered fee structure for the Annual System Processing fee. Fees will be assessed based on the number of securities regulators with which each individual is registered, excluding registrations as an investment advisor representative. In addition, the Annual Branch Renewal Registration Fees, which already exist in a tiered structure, will change. See the Renewal Fees & Payment Methods section below and visit the FINRA Fee Adjustment Schedule page for additional information.

Critical Payment Requirement: Full payment by the Preliminary Statement deadline (December 8, 2025) is mandatory. Late payments incur fees and may result in business ineligibility in certain jurisdictions.

Resources:

Key Dates

  • November 10, 2025: Preliminary Statements available in E-Bill
  • December 3, 2025: Recommended deadline for electronic payments, overnight checks or wire transfers
  • December 8, 2025: Preliminary Statement payment deadline
  • December 26, 2025: Year-end system shutdown and filing deadline
  • January 2, 2026: Final Statements available in E-Bill
  • January 23, 2026: Final payment and discrepancy reporting deadline

For complete schedule information, visit the Annual Renewal Program and Compliance Calendar pages. Check the CRD Availability Schedule for system operating hours.

Questions concerning this Notice should be directed to the FINRA Support Center at (301) 590-6500.

Background & Discussion

Preliminary Statements

Available November 10, 2025, in E-Bill, these statements include all applicable renewal fees for registrations maintained through CRD and IARD. Some jurisdictions may have additional renewal requirements beyond fee payment; contact each jurisdiction directly for specific requirements. A Regulator Directory is available on the NASAA website.

Post-Dated Form Filings

Firms can submit post-dated termination filings before Preliminary Statements are published to indicate registrations terminating on December 31, 2025. This eliminates fees for registrations not needed in the coming year. Important: Firms cannot withdraw post-dated filings once submitted. Erroneous submissions require new forms (U4, BD, BR or ADV) when CRD/IARD resumes on January 2, 2026, incurring new registration fees.

After submitting termination filings, verify through FINRA Gateway that termination requests are properly reflected in CRD/IARD.

Renewal Reports

Download and save renewal reports when Preliminary Statements become available on November 10, 2025. These reports will be replaced on January 2, 2026, and cannot be recreated. See the Reports section of the Annual Renewal Program page for a complete list of available reports.

Payment Requirements and Methods

As announced in SR-FINRA-2024-019, FINRA will adopt a tiered structure for the Annual System Processing fee assessments, and will adjust the tiered Annual Branch Renewal Registration fees. These fee adjustments are reflected in your firm’s Preliminary Renewal statement. See FINRA’s complete list of Annual Renewal Program Fees and visit the Annual Renewal Program page on FINRA.org for more information.

Deadline: December 8, 2025

Consequences of late payment:

Payment Options:

  • E-Bill (recommended)
  • Wire transfer
  • Check

For details, see Renewal Program Payment Options, Annual Renewal Program Fees and What Am I Paying? Section of the IARD Renewal Program.

Verify payment receipt by checking your Renewal Account in E-Bill or setting up automated email notifications. See the E-Bill User Guide for instructions.

Year-End Filing Deadline 

December 26, 2025, is the deadline for all electronic form filings in CRD/IARD, Web EFT and FINRA Gateway, including Forms BDW.

Final Statements

Available January 2, 2026, in E-Bill, these statements reflect registration status as of December 31, 2025. Any additional fees from registration changes after the Preliminary Statement will appear here.

Final Deadline: January 23, 2026, for both payment and discrepancy reports

Detailed information about Final Statements will be available in a January 2026 Regulatory Notice.