FINRA Issues Final Renewal Statements and Fees for Registered Entities (Notice 15-01)

FINRA issued a Regulatory Notice regarding Final Renewal Statements for broker-dealers and investment adviser firms and representatives, as well as reports that are now available on FINRA's Web CRD/IARD.

The Final Renewal Statements include the following fees:

• Web CRD system processing fees;
• FINRA branch office processing fees;
• exchange maintenance fees;
• state broker-dealer firm, branch and agent renewal fees;
• state investment adviser firm, branch and investment adviser representative renewal fees; and
• FINRA annual statutory disqualification fees for registered individuals.

FINRA noted that any adjustments in fees owed because of registration terminations, approvals, firm IA registrations, reporting status or notice filings subsequent to the Preliminary Renewal Statement are included in the final reconciled statement.

Additionally, the Regulatory Notice explained that if the amount assessed on the Final Renewal Statement is greater than that which is assessed on the Preliminary Renewal Statement, then the additional renewal fees are due by January 16, 2015. However, if the amount assessed on the Final Renewal Statement is less than that which is assessed on the Preliminary Renewal Statement, then FINRA will issue a credit to the firm's FINRA Flex-Funding Account.

Full payment of fees for the Final Renewal Statement must be submitted by January 16, 2015.

See: Regulatory Notice 15-01.