FINRA Amends Electronic Form NMA and Adopts New Electronic Form CMA Filing Requirements (FINRA Regulatory Notice)

FINRA has amended Form NMA and adopted new Form CMA. Beginning July 23, 2012:

• all prospective applicants for FINRA membership (new member applicants or NMA applicants) pursuant to NASD Rules 1012 (General Provisions) and 1013 (New Member Application and Interview) must submit the revised Form NMA as part of their new member applications; and
• all prospective applicants for approval of a change in ownership, control or business operations (continuing membership applicants or CMA applicants) pursuant to NASD Rules 1012 and 1017 (Application for Approval of Change in Ownership, Control, or Business Operations) must submit the new electronic Form CMA as part of their continuing membership applications.

FINRA filed the rule change to amend online Form NMA for immediate effectiveness on March 5, 2012, with no changes made to existing rule text. On May 31, 2012, the SEC approved the rule filing to amend NASD Rules 1012 and 1017 to adopt the new standardized electronic Form CMA.

Implementation Date: July 23, 2012

Cross References: NASD Rules 1012, 1013, 1014, 1017; Exchange Act Rule 15c3-1.

View notice in full here(links externally to FINRA website).