SIFMA members are invited to participate in a member-only briefing on FINRA Rule 3110’s application in a post-pandemic world, geared towards business leaders and institutional businesses.
The briefing will include an overview of changes to FINRA Rule 3110, including the recently finalized remote supervisory locations (RSL) and remote inspection pilot program rules. It is important to understand how these new rules as well as existing requirements apply in the context of a remote work environment.
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The Residential Supervisory Locations Rule is effective as of June 1, 2024 and the Remote Inspections Pilot Program is effective as of July 1, 2024 (the day after pandemic-era relief expires).
Pre-registration is required to participate.
Bernard Canepa, Managing Director & Associate General Counsel, SIFMA
Bruce Newman, Partner, WilmerHale
Stephanie Nicholas, Partner, WilmerHale
Alyssa Pompei, Vice President and Assistant General Counsel, SIFMA
This briefing will be hosted on the Zoom Webinar platform. View instructions on joining and participating in Zoom Webinars.
Access instructions will be sent from SIFMAAVSupport; please check your inbox. Didn't receive? Contact us.
Participation is complimentary and for SIFMA members only. Pre-registration is required and closes one hour prior to the start of the Briefing.
It is a priority to make our briefings inclusive and accessible for all. For questions or requests, contact SIFMA Member Relations.
Registrants: please use your same Zoom link to access a replay of the briefing. Presentation slides were sent to you from SIFMA Member Relations.
Over the past few decades, the financial industry has evolved from brick, mortar, and paper to online and electronic. Branches are now less relevant for managing risks. More brokers and financial advisors than ever work in a hybrid or remote capacity, and in-person client interactions at branches are no longer the norm.
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Just some of the benefits of residential supervisory locations and remote inspections include:
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- They are an effective means of inspection for lower-risk locations in an industry that has evolved dramatically since Rule 3110 was implemented;
- They allow firms to focus limited resources on higher-risk locations;
- The technological tools to conduct remote inspections are widely available and cost-effective for firms of all sizes and resources; and
- Firms can recruit and retain qualified inspection and supervisory staff only if they offer workplace flexibility.