The COVID Project
The record
- Jurisdiction
- United States; Financial Industry Regulatory Authority (self-regulatory organization)
- Level
- Sector regulator
- Authority
- 15 U.S.C. § 78s(b)(3)(A); FINRA Rule 3110.17
- Issued
- 2020-12-16 Dec. 16, 2020
- Effective
- 2020-12-16 (Rule 3110.17 covered calendar-year 2020 and 2021 inspection obligations) (read as 2020-12-16)
- End
- Rule 3110.17 as adopted covered inspections for calendar years 2020 and 2021 (later extended by FINRA to 2022 and beyond) (read as 2021-09-30)
- In force
- Dec. 16, 2020 to Sept. 30, 2021
- Quarters
- 2020 Q42021 Q12021 Q22021 Q3
2020 Q22020 Q32020 Q42021 Q12021 Q22021 Q3
- Limitation types
- Telework mandateOther
- Addressees
- FINRA member broker-dealers
- Functions reached
- OP supervision and branch inspections (remote through 2021)
- WM
- HR
- Collection
- Federal financial regulators AGY-FED-FINANCIAL
Operative words
FINRA adopted temporary Supplementary Material.17 (Temporary Relief to Allow Remote Inspections for Calendar Year 2020 and Calendar Year 2021) to provide member firms the option, subject to specified requirements under the supplementary material, to complete remotely their calendar year 2020 and calendar year 2021 inspection obligations under Rule 3110(c), without an on-site visit to the office or location.
Enforcement
FINRA Rule 3110 enforceable under 15 U.S.C. § 78o-3(b)(7) and FINRA Rule 8310
Notes
A Q3 2021 instrument: the self-regulator's rule that on-site branch inspections could be dispensed with for all of 2021 because personnel and inspectors could not travel to offices
Retrieval notePDF retrieved from the Wayback Machine.