Overview of Scenarios Described in FAQs 39-44

The following chart provides an overview of the scenarios described in FAQs 39-44, covering Form BR filings—initial and amendments—for FINRA and a jurisdiction, and the NYSE, as applicable. A firm that is registered with FINRA but not with the NYSE is hereinafter referred to as a “FINRA-only member firm.” If a firm is a FINRA/NYSE firm, the firm is reminded that the NYSE has not accepted the RSL designation, and the firm should carefully review applicable requirements when considering whether to close a location as a branch office with the NYSE.

In all cases, including when a branch office is closed, firms must also report an RSL as an Office of Employment Address (OEA) on an associated person’s Form U4 by responding “Yes” to the RSL Question within the required timeframes provided in Q15.6/A15.6 and maintain RSL information in the firm's internal records.

Form BR Filings—Initial and Amendment—for FINRA RSLs
Scenario	FINRA-Only Member	FINRA/NYSE Member
FINRA RSL located in a branch participating jurisdiction⁺ that does accept RSL*	Initial No Form BR required	Initial File an Initial Form BR De-select FINRA check box Leave NYSE check box pre-selected De-select jurisdiction check box
Amendment The branch office can be closed by submitting a Form BR Closing	Amendment File a Form BR Amendment De-select FINRA check box Leave NYSE check box pre-selected De-select jurisdiction check box
FINRA RSL located in a branch participating jurisdiction⁺ that does not accept RSL*	Initial File an Initial Form BR De-select FINRA check box Leave jurisdiction check box pre-selected	Initial File an Initial Form BR De-select FINRA check box Leave NYSE check box pre-selected Leave jurisdiction check box pre-selected
Amendment File a Form BR Amendment De-select FINRA check box Leave jurisdiction check box pre-selected	Amendment File a Form BR Amendment De-select FINRA check box Leave NYSE check box pre-selected Leave jurisdiction check box pre-selected
FINRA RSL located in a non-branch participating jurisdiction. + *	Initial No Form BR required	Initial File an Initial Form BR De-select FINRA check box Leave NYSE check box pre-selected Leave jurisdiction check box de-selected
Amendment The branch office can be closed by submitting a Form BR Closing	Amendment File a Form BR Amendment De-select FINRA check box Leave NYSE check box pre-selected Leave jurisdiction check box de-selected

Form BR Filings—Initial and Amendment—for FINRA RSLs

Scenario

FINRA-Only Member

FINRA/NYSE Member

FINRA RSL located in a branch participating jurisdiction⁺ that does accept RSL*

Initial

No Form BR required

Initial

File an Initial Form BR
De-select FINRA check box
Leave NYSE check box pre-selected
De-select jurisdiction check box

Amendment

The branch office can be closed by submitting a Form BR Closing

Amendment

File a Form BR Amendment
De-select FINRA check box
Leave NYSE check box pre-selected
De-select jurisdiction check box

FINRA RSL located in a branch participating jurisdiction⁺ that does not accept RSL*

Initial

File an Initial Form BR
De-select FINRA check box
Leave jurisdiction check box pre-selected

Initial

File an Initial Form BR
De-select FINRA check box
Leave NYSE check box pre-selected
Leave jurisdiction check box pre-selected

Amendment

File a Form BR Amendment
De-select FINRA check box
Leave jurisdiction check box pre-selected

Amendment

File a Form BR Amendment
De-select FINRA check box
Leave NYSE check box pre-selected
Leave jurisdiction check box pre-selected

FINRA RSL located in a non-branch participating jurisdiction. + *

Initial

No Form BR required

Initial

File an Initial Form BR
De-select FINRA check box
Leave NYSE check box pre-selected
Leave jurisdiction check box de-selected

Amendment

The branch office can be closed by submitting a Form BR Closing

Amendment

File a Form BR Amendment
De-select FINRA check box
Leave NYSE check box pre-selected
Leave jurisdiction check box de-selected

⁺ As used in this chart, a “branch participating jurisdiction” refers to a state jurisdiction that requires registration or “notice filing” of branch offices and a “non-branch participating jurisdiction” refers to a state jurisdiction that does not require registration or “notice filing” of branch offices.

* See SRO/Jurisdiction Fee and Setting Schedule – Web CRD.