{"id":"AGY-FED-FINANCIAL-074","kind":"context","level":"sector-regulator","jurisdiction":"United States; Financial Industry Regulatory Authority (self-regulatory organization registered under Exchange Act § 15A, 15 U.S.C. § 78o-3, subject to SEC oversight)","state":"","metro":"","industry":"","agency":"FED-FINANCIAL","eco":"","issuer":"FINRA","authority":"15 U.S.C. § 78o-3(b)(6); FINRA Rule 3110 and Rule 4370","instrument":"FINRA Regulatory Notice 20-08","title":"Pandemic-Related Business Continuity Planning, Guidance and Regulatory Relief","dateIssued":"2020-03-09","effective":"2020-03-09","end":"Temporary relief remained in effect through the pandemic period; FINRA\u0027s remote-inspection rule (Ex. 076) governed 2020 and 2021 inspections; no withdrawal before September 30, 2021 located","startDate":"2020-03-09","endDate":"2021-09-30","quarters":["2020Q2","2020Q3","2020Q4","2021Q1","2021Q2","2021Q3"],"types":["TELE","EMP","OTHER"],"addressees":["all FINRA member broker-dealers and their registered persons"],"clause":"Due to the recent outbreak of coronavirus disease (COVID-19), FINRA reminds member firms to consider pandemic-related business continuity planning, including whether their business continuity plans (BCPs) are sufficiently flexible to address a wide range of possible effects in the event of a pandemic in the United States.... [Where a pandemic requires] remote offices or telework arrangements (e.g., working from home or a backup or recovery location)... member firms are not required to submit branch office applications on Form BR for any newly opened temporary office locations [and] FINRA is temporarily suspending the requirement to maintain updated Form U4 information regarding office of employment address for registered persons [who temporarily relocate];... scheduled on-site inspections of branch offices may need to be temporarily postponed during the pandemic.","enforcement":"FINRA rules are enforceable against members under 15 U.S.C. § 78o-3(b)(7) and FINRA Rule 8310 (fines, suspension, expulsion); the notice conditions the relief on the temporary nature of the relocation and on supervision","functions":["OP office premises (temporary remote offices; Form BR and Form U4 relief)","OP supervision (branch inspections postponed)","WM brokerage and advisory operations","HR registered-person records","WF"],"notes":"The conditions on which every broker-dealer moved its registered persons home in March 2020; treated as conditions imposed by a self-regulatory organization under SEC oversight","sourceUrl":"https://www.finra.org/rules-guidance/notices/20-08","snapshot":"http://web.archive.org/web/20200315132951/https://www.finra.org/rules-guidance/notices/20-08","fileExists":true,"fileBytes":388960,"grade":"primary","character":"context","description":"","collection":"AGY-FED-FINANCIAL","url":"/library/AGY-FED-FINANCIAL-074","exhibitUrl":"/exhibit/AGY-FED-FINANCIAL-074","citation":"FINRA, FINRA Regulatory Notice 20-08 (Mar. 9, 2020) (Ex. AGY-FED-FINANCIAL-074)","stateName":"","related":["AGY-FED-FINANCIAL-075"]}