Timeline for Transitioning to Form BR

To assist firms in making the transition to the Form BR, NASD used data previously filed on Schedule E, the NYSE Branch Office Application Form, and/or state branch office forms to create a branch record on the Web CRD system for all existing branch offices. The data used was the data on file in Web CRD as of close of business, Friday, October 14, 2005.

Firms had until July 3, 2006, to comply with the following Form BR and Form U4 filing requirements: (1) File an amended Form BR for each converted branch and complete the filing by providing information that was not converted (2) assign registered persons to a registered branch office(s) or the main office locations from which they work (either through individual Form U4 filings or a special electronic file transfer created to facilitate this task).