FINRA Rolls Out New Central Registration Depository Functionality; Annual Verification Deadline Nears

FINRA first introduced enhancements to the Central Registration Depository (“CRD”) on October 1, 2018, which were rolled out in support of FINRA’s restructured qualification examination program as well as the adoption of consolidated FINRA registration rules.

The new enhancements were intended to also more easily assist member firms with satisfying their reporting and compliance obligations. Since the initial rollout, FINRA continues to improve and enhance the new CRD system with a new feature set to be released on January 26, 2019.

Broker-dealer users will now be able to query and view their firm’s associated individuals to review all individual activities, branch deficiency activities as well as firm registration activities. Users will be able to set up and manage their own personalized reports. In addition, the Quick Links feature allows the individual User to personalize their CRD homepage, providing access to the system functions they use most frequently. To check out what’s new and to stay abreast of upcoming enhancements, click here.

Annual Contact Info Verification Deadline

Each year, broker-dealer firms are required to complete an annual verification of their contact information through the FINRA Contact System (“FCS”). This information must be reviewed and confirmed within the first 17 business days of each calendar year. The deadline to complete the FCS is January 25, 2019. If you have not already done so, please be sure to log into the FINRA Gateway and complete your verification.


Post written by Lisa Caruso

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