Authored by Avi Badash.
The Financial Industry Regulatory Authority, Inc. has issued Regulatory Notice 11-46 requiring member firms to submit electronically to FINRA their annual audit reports. This requirement is effective beginning on November 8, for all audit reports filed by member firms with a fiscal year end on or after September 30, 2011. Member firms will be required to submit their annual audit report in electronic form in PDF format via FINRA’s Firm Gateway. The Regulatory Notice discusses the details of the electronic submission process, which will replace the current submission of the annual audit reports in hard copy form to FINRA. The Regulatory Notice acknowledges that firms must continue to file annual audit reports in hard copy form with the Securities and Exchange Commission.
Click here to read Regulatory Notice 11-46.