Web CRD Annual

Renewal Program

December 8, 2006 is the deadline for payment of your preliminary renewal statement. 

If payment is not received and processed by the December 8, 2006 deadline, your firm will be assessed a Renewal Payment Late Fee.  (Note:  Your firm’s Preliminary Renewal payment must be received by the NASD no later than December 6, 2006, to ensure payments are processed by the December 8th deadline.)  This late fee will be included as part of your firm’s Final Renewal Statement and will be calculated as follows:  10 percent of a member firm’s cumulative final renewal assessment or $100, whichever is greater, with a cap of $5,000.  The firm also risks failing to renew if fees are not received on time.

While you need to pay the entire amount indicated on your Preliminary Renewal statement now, any credits will be reflected on your Final Renewal Statement.  The Final Renewal Statement will be available for you the first week in January.   Any termination requests need to be submitted in CRD by December 20, 2006, when the IARD/CRD closes until January 2, 2007.

Post-dated (12-31-2006) partial U5s, Form BDWs and ADV-Ws in any jurisdictions where your firm or representative no longer needs to be registered, as well as Form BR Closing/Withdrawals to close any branches can be processed up until the NASD closing date of December 20, 2006.  

Extra care should be exercised when submitting these post-dated Forms.  NASD will systematically process these forms as they are submitted and cannot withdraw a post-dated termination once submitted and processed.  A new Form U4, BD Amendment, Form BR or Form ADV would have to be filed to correct any post-dated terminations done in error.  New registration fees would be assessed as a result. 

The Final Renewal Statements will reflect the registration status of broker-dealer, registered representative, investment advisor firm and investment adviser representative registrations and/or notice filings as of December 31, 2006.  Any adjustments in fees owed as a result of registration terminations, approvals, notice filings or transitions subsequent to the processing/posting of the Preliminary Renewal Statement will be made on this Final statement.  Any overpayments will be transferred to the firms’ daily accounts as of January 2, 2007.  Any balances due must be paid in full by February 2, 2007.

Regulatory Compliance is available to answer any questions or concerns regarding this program and to assist you in processing any registration or termination requests.

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