FINRA Proposes to Permit Remote Inspections of “Qualifying Offices”

December 12, 2017

In Regulatory Notice 17-38 (Regulatory Notice), the Financial Industry Regulatory Authority (FINRA) requests comments on a proposal (Proposal) to amend FINRA’s Conduct Rule 3110 (Supervision). The Proposal would add new Supplementary Material .15 (Remote Inspections), which would afford FINRA member firms (firms) the option to conduct remote inspections of their “qualifying offices,” rather than through physical, on-site inspections. The Proposal is intended “to reduce the burden of on-site inspections in limited circumstances that would not result in a diminution in investor protection.”

Read “FINRA Proposes to Permit Remote Inspections of “Qualifying Offices”.”