FINRA Report Filings for Next Year

FINRA has put out a schedule for its member broker-dealers with the due dates for report filings that are due in 2017 or in the first quarter of 2018. This notice serves as a reminder to help FINRA and SEC registered broker-dealers stay compliant by filing reports on or before their required due dates. Late filings can result in fees and in suspension of FINRA membership.

Annual Audit Reports

Like all report filings submitted to FINRA, the annual audit report is to be filed electronically. Additionally, member firms must file the report at the regional office of the SEC in which the firm has its place of business and at the principal office of the SEC in Washington, DC.  Broker-dealers who are members of the Securities Investor Protection Program (SIPC) must also file the annual audit report with SIPC, per SEA Rule 17a-5(d)(6).

Filings are due no later than 11:59 pm ET on the following due dates:

Period Ending Due Date
November 30, 2016 January 30, 2017
December 31, 2016 March 1, 2017
January 31, 2017 April 3, 2017
February 28, 2017 May 1, 2017
March 31, 2017 May 30, 2017
April 30, 2017 June 29, 2017
May 31, 2017 July 31, 2017
June 30, 2017 August 29, 2017
July 31, 2017 September 29, 2017
August 31, 2017 October 30, 2017
September 30, 2017 November 29, 2017
October 31, 2017 January 2, 2018
November 30, 2017 January 29, 2018
December 31, 2017 March 1, 2018

 

FOCUS Reports

FOCUS Reports must be submitted electronically via the eFOCUS System in the FINRA Firm Gateway.

For Monthly and Fifth FOCUS Part II/IIA filings, the due dates are:

Period Ending Due Date
January 31, 2017 February 24, 2017
February 28, 2017 March 23, 2017
April 30, 2017 May 23, 2017
May 31, 2017 June 23, 2017
July 31, 2017 August 23, 2017
August 31, 2017 September 26, 2017
October 31, 2017 November 27, 2017
November 30, 2017 December 26, 2017

 

For Quarterly FOCUS Part II/IIA filings, the due dates are:

Quarter Ending Due Date
December 31, 2016 January 26, 2017
March 31, 2017 April 25, 2017
June 30, 2017 July 26, 2017
September 30, 2017 October 25, 2017
December 31, 2017 January 25, 2018

 

And for Annual Schedule I Filings, the due dates are:

Period Due Date
2016 January 26, 2017
2017 January 25, 2018

 

Form Custody

Pursuant to SEA Rule 17a-5(a)(5), firms are required to file Form Custody. The due dates are as follows:

Quarter Ending Due Date
December 31, 2016 January 26, 2017
March 31, 2017 April 25, 2017
June 30, 2017 July 26, 2017
September 30, 2017 October 25, 2017
December 31, 2017 January 25, 2018

 

Form OBS

The Supplemental Schedule for Derivatives and Other Off-Balance Sheet Items, also known as Form OBS must be filed by:

  1. all FINRA member firms that self-clear their proprietary transactions, clear transactions for others, or carry customer accounts; and
  2. all other FINRA member firms that have, pursuant to SEA Rule 15c3-1, a minimum-dollar net-capital requirement that is greater than or equal to $100,000 and have at least $10 million in reportable items pursuant to Form OBS.

The only exception to this rule is if the firm falls under the de minimis exception. Firms required to file Form OBS must do so by the last day of a reporting period within 22 business days of the end of each calendar quarter. Form OBS can be filed using the eFOCUS system. Firms claiming the de minimis exception must affirmatively indicate that no filing is required for the reporting period. This affirmation is also made within the eFOCUS system.

The due dates for either filing Form OBS or indicating a de minimis exception are:

Quarter Ending Due Date
December 31, 2016 February 2, 2017
March 31, 2017 May 2, 2017
June 30, 2017 August 2, 2017
September 30, 2017 November 1, 2017
December 31, 2017 February 1, 2018

 

Supplementary Inventory Schedule

If a firm is required to file FOCUS Report Par II, FOCUS Report Part IIA, or FOGS Report Part I, the firm is also required to file the Supplementary Inventory Schedule (SIS), with inventory positions as of the end of the FOCUS or FOGS reporting period. A firm is exempt from this requirement if it has either:

  1. a minimum-dollar net-capital or liquid-capital requirement of less than $100,000; or
  2. inventory positions consisting only of money-market mutual funds.

Firms with inventory positions consisting only of money-market mutual funds must use the eFOCUS system to affirmatively indicate that no SIS filing is required for the reporting period.

The due dates for filing the SIS or for indicating it is not required are:

Month Ending Due Date
December 31, 2016 January 31, 2017
January 31, 2017 March 1, 2017
February 28, 2017 March 28, 2017
March 31, 2017 April 28, 2017
April 30, 2017 May 26, 2017
May 31, 2017 June 28, 2017
June 30, 2017 July 31, 2017
July 31, 2017 August 28, 2017
August 31, 2017 September 29, 2017
September 30, 2017 October 30, 2017
October 31, 2017 November 30, 2017
November 30, 2017 December 29, 2017
December 31, 2017 January 30, 2018

 

Supplemental Statement Of Income

Firms must file the Supplemental Statement of Income (SSOI) quarterly. The due dates are as follows:

Quarter Ending Due Date
December 31, 2016 January 31, 2017
March 31, 2017 April 28, 2017
June 30, 2017 July 31, 2017
September 30, 2017 October 30, 2017
December 31, 2017 January 30, 2018