Publication Date
2024-07-22
effective date
2024-07-17
jurisdiction
N/A
FINRA Membership Application Programs (MAP)
On July 17, 2024, FINRA published three new tools to help firms in the process of filling a new or continuing membership application. New Membership Application Programs (MAP).
FINRA’s MAP serves as the entry point to the securities industry by ensuring that prospective and current FINRA members meet FINRA’s Standards for Admission (Standards). Prospective FINRA members must seek approval for membership through the submission of a New Member Application (NMA). Existing FINRA members must file a continuing membership application when they are contemplating a material change in business operations or when other changes specified by applicable FINRA rules require a Continuing Member Application (CMA). MAP reviews both types of applications – NMAs and CMAs. The FINRA Rule 1000 Series (Member Application and Associated Persons Registration) governs MAP’s review of NMAs and CMAs.
AgentSync Actions
Our compliance experts are constantly searching for and analyzing industry updates.
Their findings are then recorded in the Regulatory Updates section of the Compliance
Library to explain how the update impacts the insurance industry. If a change
impacts an
AgentSync product, this will be highlighted to inform you that the product is being
updated to ensure you remain in compliance.
analyzed
pending
effective
This update has been reviewed by AgentSync compliance experts for industry impact and necessary automation in the AgentSync platform.
categories
FINRA
analyzed
Our compliance experts have identified the update and analyzed it for impact on both the industry and AgentSync products.
pending
The time between the update's publication date and effective date.
effective
The date the update takes effect.
released
This means an AgentSync product was updated as a result of this change and the update is now live in our product(s).