{"id":"AGY-FED-FINANCIAL-075","kind":"context","level":"sector-regulator","jurisdiction":"United States; Financial Industry Regulatory Authority (self-regulatory organization)","state":"","metro":"","industry":"","agency":"FED-FINANCIAL","eco":"","issuer":"FINRA","authority":"15 U.S.C. § 78o-3(b)(6)","instrument":"FINRA Regulatory Notice 20-16","title":"FINRA Shares Practices Implemented by Firms to Transition to, and Supervise in, a Remote Work Environment During the COVID-19 Pandemic","dateIssued":"2020-05-28","effective":"2020-05-28","end":"n/a (guidance)","startDate":"2020-05-28","endDate":"2021-09-30","quarters":["2020Q2","2020Q3","2020Q4","2021Q1","2021Q2","2021Q3"],"types":["TELE","OTHER"],"addressees":["FINRA member broker-dealers"],"clause":"Firms generally acknowledged the challenges relating to remote supervision, but also reported that they were relatively prepared to remotely supervise their associated persons using existing methods of supervision.... Firms reported that they adjusted their branch inspection programs to accommodate remote work requirements and travel restrictions.... Depending on the duration and severity of the stay-at-home orders and travel restrictions, firms were planning to complete the onsite portions of the inspections in the future.","enforcement":"Guidance; Rule 3110 supervisory obligations otherwise enforceable","functions":["OP office premises and supervision (remote)","WM","HR","WF"],"notes":"The self-regulator\u0027s own record that broker-dealers had transitioned to remote work because of \u0027stay-at-home orders and travel restrictions\u0027 and that on-site inspections could not be completed","sourceUrl":"https://www.finra.org/sites/default/files/2020-05/Regulatory-Notice-20-16.pdf","snapshot":"https://web.archive.org/web/20200701/https://www.finra.org/sites/default/files/2020-05/Regulatory-Notice-20-16.pdf","fileExists":true,"fileBytes":86073,"grade":"primary","character":"context","description":"","collection":"AGY-FED-FINANCIAL","url":"/library/AGY-FED-FINANCIAL-075","exhibitUrl":"/exhibit/AGY-FED-FINANCIAL-075","citation":"FINRA, FINRA Regulatory Notice 20-16 (May 28, 2020) (Ex. AGY-FED-FINANCIAL-075)","stateName":"","related":["AGY-FED-FINANCIAL-074"]}