The Financial Industry Regulatory Authority (FINRA) has issued Regulatory Notice 24-02 (“notice”) announcing the adoption of FINRA Rules 3110.18 and 3110.19, which aim to provide member firms with more flexibility in the post-pandemic world. Rule 3110.18 establishes the Remote Inspections Pilot Program, while Rule 3110.19 sets the criteria for designating an associated person’s private residence as a Residential Supervisory Location (RSL).

The notice also announces the end of the temporary COVID-related relief described in Regulatory Notice 20-08, which relieved member firms’ obligations to maintain up-to-date employment addresses for employees who relocate and to submit branch office applications for newly opened temporary office locations.

Remote Inspections Pilot Program