SEC Approves FINRA Supplemental Inventory Schedule (FINRA Reg. Notice 14-43)

FINRA issued a Regulatory Notice regarding the SEC's approval of the Supplemental Inventory Schedule ("SIS"). The SIS must be filed by a firm that is required to file FOCUS Report Part II or Part IIA or FOGS Report Part I, and has inventory positions as of the end of the FOCUS or FOGS reporting period, unless the firm has (i) a minimum dollar net capital or liquid capital requirement of less than $100,000 or (ii) inventory positions consisting only of money market mutual funds.

The initial SIS, which discloses inventory positions as of December 31, 2014, must be filed with FINRA on or before January 30, 2015.

See: Regulatory Notice 14-43.