Regulatory Notifications

Several rules require notification to FINRA and the U.S. Securities and Exchange Commission (SEC) based on certain financial and operational obligations. FINRA’s Regulatory Notifications application in FINRA Gateway provides a filing system for member firms to electronically submit this information to FINRA. FINRA also collects Regulatory Notifications on behalf of various Exchanges pursuant to Regulatory Services Agreements (RSAs). For guidance related to submitting required notifications to the SEC, firms should visit the SEC’s website or contact the SEC.

CHANGES AS OF APRIL 27, 2024

FINRA has improved member firms’ compliance and reporting experience by creating a new streamlined and intuitive data entry process for Financial Notifications – now known as Regulatory Notifications. FINRA updated 13 existing Regulatory Notification forms, including:

new, combined forms and filings to reduce redundant reporting; and
a new amendments function to help firms make changes to forms.

Financial Notifications are now located under a new “Regulatory Notifications” header on the Browse Forms & Filings page in FINRA Gateway and will include updated rule references.

Firms are now able to create new forms on the Browse Forms & Filings page, under “Regulatory Notifications.”
Beginning August 23, 2024, the Financial Notifications Filing Cabinet feature will be removed and submitted filings can be found under Requests and Filings active tab.

List of Notifications

Previous Name	Current Name	Rule Reference
Statement Regarding Independent Public Accountant	Revised & consolidated to: Statement & Replacement of Accountant	SEA Rule 17a-5(f)(2) & SEA Rule 17a-5(f)(3)
Replacement of Accountant		SEA Rule 17a-5(f)(2) & SEA Rule 17a-5(f)(3)
Failure to Make and Keep Current Books and/or Records – Initial Notification	Revised & consolidated to: Failure to Keep Books and Records	SEA Rule 17a-11(c)
Failure to Make and Keep Current Books and/or Records – Follow Up Report		SEA Rule 17a-11(c)
Notice of Material Inadequacy or Material Weakness – Initial Notification	Revised & consolidated to: Material Weakness & Material Inadequacy	SEA Rule 17a-11(d)(1), SEA Rule 17a-11(d)(2) & SEA Rule 17a-5(h)
Material Inadequacy or Material Weakness – Follow Up Report
Withdrawals of Equity Capital	Withdrawals of Equity Capital	SEA Rule 15c3-1(e)(1)(i) or SEA Rule 15c3-1(e)(1)(ii)
Failure to make a deposit in the special reserve bank account or special account (SEA Rule 15c3-3(i))	Special Reserve Account (Hindsight Deficiency)	SEA Rule 15c3-3(i) & SEA Rule 15c3-3(i) & SEA Rule 15c3-3(i) & SEA Rule 15c3-3(i)/01
Undertaking Regarding Electronic Recordkeeping System	Electronic Recordkeeping Systems	SEA Rule 17a-4(f)(3)(v)(A)
Net Capital below minimum amount required (SEA Rule 17a-11(b))	Net Capital Deficiency	SEA Rule 15c3-1(a) & SEA Rule 17a-11(a)(1)
Aggregate Indebtedness > 1200% of Net Capital	Aggregate Indebtedness in Excess of 1,200% of Net Capital	SEA Rule 17a-11(b)(1)
Net Capital < 5% Aggregate Debit Items	Net Capital less than 5% of Aggregate Debit Items	SEA Rule 17a-11(b)(2)
Net Capital < 120% Minimum Net Capital	Net Capital less than 120% of Required Minimum Net Capital (Early Warning)	SEA Rule 17a-11(b)(3)
Failure to make a deposit in the Special Reserve Account for the Exclusive Benefit of Security-Based Swap customers	Special Reserve Account (Hindsight Deficiency)	SEA Rule 17a-11(f)
Effective April 27, 2024: Covered Agency TNC Threshold > $25 Million*	Covered Agency TNC Threshold > $25 Million	FINRA Rule 4210(e)(2)(H)
Effective April 27, 2024: TNC Threshold >5% or >25%*	TNC Threshold >5% or >25%	FINRA Rule 4210(e)(2)(I)

If you have problems using the Regulatory Notifications application, please contact the FINRA Support Center at (800) 321-6273. FINRA also encourages firms to contact their assigned Risk Monitoring Analyst for additional guidance.

* FINRA added two new forms for Covered Agency Transactions pursuant to Regulatory Notice 23-14 (Amendments to Covered Agency Transaction Requirements under FINRA Rule 4210).