FINRA Alerts Member Firms of Form BR Functionality Enhancements for Amendment Form BR Submissions and Updated Residential Supervisory Location (RSL) FAQs

October 7, 2024

FINRA has implemented Form BR (Uniform Branch Office Registration Form) functionality enhancements for amendments to Form BR submissions for existing locations that will allow firms to account for the RSL designation by de-selecting a location’s registration for FINRA and the jurisdiction that accepts the RSL designation, while continuing to pre-select the location’s registration or "notice filing" in a jurisdiction or the New York Stock Exchange (NYSE)*, or both, that has not accepted the RSL designation. These enhancements complement those implemented on July 18, 2024, enabling firms to account for RSL designations for initial Form BR submissions. Further information on these functionality enhancements and how firms should complete their Form BR amendments is available in the Frequently Asked Questions about Residential Supervisory Locations (RSLs). (*See update regarding NYSE in the Oct. 25, 2024 Alert.)