Guidance
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Education and Compliance Programs
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The 2024 FINRA Annual Regulatory Oversight Report is now live on FINRA.org and was sent to member firms via email on Jan. 9. This report, which sets forth our observations and findings across key regulatory topics, will help firms as they engage in compliance planning for 2024. Listen to the latest episode of FINRA Unscripted for a discussion of the report, including highlights.
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The latest episode of the FINRA 101 video series helps you answer the common customer question: “What is FINRA?” Find this episode or any of the others on YouTube at the following links and embed them on your website or share them via social media.
| | Guidance Annual Review in the FINRA Contact System Due January 25; New Role Added
Per FINRA Rule 4517, all firms are required to complete an annual review of their contact information within the first 17 business days of each calendar year. The deadline to complete the annual review in the FINRA Contact System (FCS) is Jan. 25. To access FCS, log in to FINRA Gateway. Select the Contacts icon on the left menu then select Perform Annual Review on the right.
FINRA recently added a new role to FCS: Chief Risk Officer, the person at the firm responsible for overseeing risk management, including ensuring the businesses and strategic initiatives align with the firm’s risk appetite and risk management governance framework. While the role is optional, we encourage firms to designate a contact to ensure they receive member alerts and other time-sensitive risk-related information from FINRA.
FINRA has issued Regulatory Notice 24-01 to help firms review, reconcile and respond to their Final Statements in E-Bill as well as view the reports that are currently available in the Central Registration Depository (CRD) and Investment Adviser Registration Depository (IARD) systems for the annual registration renewal process.
FINRA’s Renewal Program supports the collection and disbursement of fees related to the renewal of broker-dealer (BD) and investment adviser (IA) registrations, exempt reporting and notice filings with participating self-regulatory organizations (SRO) and jurisdictions.
The deadline to remit payment for any additional amounts owed and to report any discrepancies to FINRA is Jan. 26.
| | Education and Compliance Programs Registration is now open for the Cybersecurity Tabletop Exercise. This workshop will provide an overview of effective practices, a deep dive on cyber tabletop exercises, and an opportunity to conduct a tabletop exercise with FINRA staff and industry peers. This event will take place on Feb. 5 from 2:00 p.m. – 4:00 p.m. ET at FINRA’s Brookfield Place Office located at 200 Liberty Street, 12th Floor Training Room, New York, NY 10281. See the Compliance Workshops page to find more information, and how to register.
Registration is now open for the first 2024 sessions of the Virtual Registration Systems Foundation Training. Firm compliance personnel who are new to registration and licensing—or would like to become more familiar with navigating related systems—are invited to join FINRA virtually March 6-7 or May 1-2. See the Virtual Training Schedule & How to Register page for more information. . Register for all of FINRA’s upcoming events: |
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