On September 5, 2025, the Staff of the Division of Trading and Markets of the U.S. Securities and Exchange Commission granted no-action relief that allows members of the Financial Industry Regulatory Authority, Inc. (“FINRA”) to rely on the Central Registration Depository system (“CRD”) to satisfy their record retention requirements under Rule 17a-4 under the Securities Exchange Act of 1934, as amended, with respect to Form U4 (Uniform Application for Securities Industry Registration or Transfer) filings that are electronically signed by individuals using FINRA’s electronic signature functionality and maintained on CRD.
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