New Question on Form U4 to Identify RSLs and Updated Deadline

September 16, 2024

A new question has been added to the Uniform Application for Securities Industry Registration or Transfer (Form U4) to identify Residential Supervisory Locations (RSLs) for purposes of complying with FINRA Rule 3110.19(d), as amended (RSL Question). Firms that have identified a location as a non-registered private residence are required to answer the RSL Question as either “Yes” or “No” by December 26, 2024. The previously announced October 15, 2024 date in Regulatory Notice 24-02 has been replaced by the December 26, 2024 deadline. Further information on Form U4’s new RSL Question and the related deadline is available in File No. SR-FINRA-2024-015 and in the Frequently Asked Questions about Residential Supervisory Locations (RSLs).  

As detailed in previous publications, FINRA continues to develop Uniform Branch Office Registration Form (Form BR) functionality enhancements that will allow firms to amend Form BR to account for RSL designations and will announce when these are implemented. Refer to the July 18 Alert for details.