Alert ID: 164 12/9/2013
Suggested Routing:
Legal & Compliance
Registration
 
Senior Management
Training
  

2013 Year-End Compliance Checklist for
Broker/Dealer
s

The end of the year is fast approaching so we want to take this opportunity to remind our BD friends and clients  of upcoming deadlines for  2013 year end compliance activities.  If you need any assistance in completing your year end checklist, or have questions regarding any items listed below, please feel free to contact us. We want to make sure that you go into next year with the "peace of mind” that everything is completed for 2013.


Event

Deadline

 

 

Annual Compliance Meeting

31-Dec-2013

Delivery of Privacy Policy - Annual

31-Dec-2013

Annual Internal Inspection of Records

31-Dec-2013

Web CRD Renewal Payments (Preliminary Notice)

13-Dec-2013

Web CRD Deadline for new Form U4s, U5s, Partial BDWs and BD Amendments

26-Dec-2012

State of Nebraska - (1) Firm Attestations; (2) US Citizen Form and (3) Agent Roster

 

State of Illinois - Designated Principal Attestation

31-Dec-2013

2013 Continuing Education Training Plan

31-Dec-2013

2014 Needs Analysis (Individual and Firm)

31-Jan-2014

Schedule Annual Audit with Firm Accounts for 2013 (Firms with 12/31 fiscal year-end)

31-Dec-2013

Annual AML Testing 2013

31-Dec-2013

FinCEN 314(B) filing - Annual

31-Dec-2013

Notice to FINRA /SEC to change designated Accountants (firms with 12/31 fiscal year-end)

10-Dec-2013

Annual Audit - Extension Request (firms with 12/31 fiscal year-end)

Three (3) business days before audit is due (Feb 25, 2014)

Annual Audit - FINRA / SEC / State Filings (Firms with 12/31 fiscal year-end)

1-March-2014

Annual Review of Business Activities, Form BD and Update of Written Supervisory Procedures

31-Dec-2013

Annual Business Continuity Notice to Customers

1-Dec-2013

Annual Margin Disclosure

31-Dec-2013

Annual Order Routing Disclosure Notice to Customers

31-Dec-2013

Payment for Order Flow Disclosure

31-Dec-2013

Annual FINRA Entitlement user accounts certification process

30 day process which commences around 14-Jan-2014

Review of 2013 Supervisory Control Systems (NASD Rule 3012)

31-Mar- 2014         

Chief Executive Officer (or equivalent) Certification (FINRA Rule 3130)

31-Mar- 2014

Annual Research Disclosure

1-Apr- 2014

Limited Size and Resources Exception

No later than anniversary date of previous year filing

SIPC 7 Annual Report

1-March – 2014

SIPC Annual Advisory (ref. NtM 07-29)

31-Dec-2013

Annual Contact Questionnaire Attestation

27-Jan-2014

Annual Schedule I Report

27-Jan-2014

Rule 5130 IPO Attestation

31-Dec-2013

AML Foreign Bank Certifications

31-Jan-2014

AML Customer Identification Program Reliance

31-Dec-2013

Customer Account Reviews

Review Annually

Expense Agreement Allocation

Review Annually

OSJ Inspections

Review Annually

       ** Testing of Firm's Privacy Policy

 

       ** Testing of Firm's Business Continuity Plan

 

       ** Audit of Electronic Communications Archiving System

Review Annually

       ** Review of Third Party Outsourced Vendor Contracts and Services

 

Associated Person Compliance Representations

Review Annually

       ** Accuracy of Form U4 Information

 

       ** Disclosure of Outside Business Activities

 

       ** 3270 Conflicts Review of Outside Business Activities

 

       ** Anti-Money Laundering

 

       ** Disclosure of Outside Brokerage Accounts

 

       ** Disclosure of Outside Private Securities Activities

 


If you desire assistance with any of the above services, as discussed herein, please contact Danny LeGaye of MGL at (281) 367-0380 or via email to dlegaye2@mglconsulting.com

  MGL Consulting LLC
33300 Egypt Lane, Suite E400
Magnolia, Texas 77354
Phone: 281-367-0380

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