New FINRA Home Office Rule Resource Goes Live

The Financial Industry Regulatory Authority has created a new key topics page for its new rules treating home offices as ”residential supervisory locations.”

The page on FINRA’s website provides an overview of the rules, relevant regulatory notices, key dates and other guidance, including an FAQ page.

FINRA adopted the new rules on Jan. 24. The Securities and Exchange Commission approved the rules in November.

The rules around residential supervisory locations, or RSLs, take effect June 1.

As the new page states, to use the RSL designation, “a firm and the associated person at each location must meet specified eligibility requirements and conditions,” as well as “conduct and document a risk assessment, and provide a list of RSLs to FINRA on a periodic basis.” SOURCE