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FINRA and SIPC Consolidate Annual Report Filings

FINRA and the Securities Investor Protection Corporation ("SIPC") agreed to simplify the annual report filing process for members. Under the new services agreement, members that currently file separate annual reports with FINRA and SIPC will be able to file a single report through FINRA's reporting portal. The simplified filing process is intended to reduce compliance costs and decrease the number of incomplete or inconsistent filings. The changes will become effective on September 1, 2017.

Primary Sources

  1. FINRA Press Release: "SIPC and FINRA Streamline Reporting Process for Broker-Dealers" (August 1, 2017)

Tags

Regulated Activities
Capital Regulatory Reporting Regulatory Oversight Liquidation
Sub-Activity
Regulatory Co-operation
Regulated Entities
Broker-Dealers Regulatory Agencies
Sub-Entity
Securities SROs
Body of Law
Securities Law
Jurisdiction
US - Federal
Organization
FINRA / MSRB / SEC Exchanges / SIPC / Accountants
Sub-Author
SIPC, FINRA