2018 FINRA Renewals Deadline Approaching

All registered investment advisers are required to annually renew their FINRA, other self-regulatory organization and state/jurisdiction registrations through the annual Renewal Program. This Renewal Program is not applicable to Exempt Reporting Advisers.  The 2018 renewal statements will be available on the IARD/CRD system on November 13, 2017. Renewal statements contain information regarding state registration and notice filing fees. Please note that renewal fees are required to be available in your IARD/CRD account by December 18th, 2017. We recommend funding your IARD/CRD account by December 15th, 2017, as it typically takes 2-3 business days for payments to be credited to the account. Firms with sufficient monies in their Flex-Funding Account will have funds automatically transferred to their Renewal Account to cover total renewal fees owed. Once your renewal statement has been filed, your annual amendment to Form ADV will be due within 90 days after your fiscal year end. Firms must successfully renew their registrations to ensure continued eligibility to do business effective January 1, 2018.  This means submitting your renewal fees by the December 18 payment deadline.  If payment is not received by FINRA on or before the deadline, the IARD system will automatically non-renew your firm on December 31, 2017. 

FINRA's 2018 IARD Renewal Program site contains comprehensive information regarding renewal instructions, payment options and addresses, etc., and can be accessed by clicking the following link. https://www.iard.com/renewal-program

If you have questions about this Alert, please contact Daniel G. Viola at 212.573.8038 or dviola@sglawyers.com.