06.11.26

FINRA Seeks To Make Remote Inspections Permanent

by: Miriam Rozen

The Financial Industry Regulatory Authority (FINRA) has proposed making its remote office inspection program permanent, replacing a pilot launched during the COVID-19 pandemic and currently set to expire in 2027. The regulator plans to seek approval from the U.S. Securities and Exchange Commission after data from nearly 1,000 participating firms showed remote inspections were as effective as onsite reviews at identifying compliance issues. FINRA is also proposing to extend more flexible oversight of advisors working from home by lengthening inspection cycles for certain non-branch locations and simplifying rules for residential offices.

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