FINRA notified firms that their Final Statements are available for review in the E-Bill system. The statements will reflect adjustments to fees that are owed as a consequence of a firm's registration terminations, approvals, notice filings or transitions that occurred after the Preliminary Statements. FINRA provided guidance to firms on how they should review, reconcile and respond to the Final Statements.
FINRA reminded firms that (i) if the amount assessed on a Final Statement is greater than the amount assessed on a Preliminary Statement, then the additional renewal fees are due by January 20, 2017; and (ii) if the amount assessed on a Final Statement is less than the amount assessed on a Preliminary Statement, then FINRA will have issued a credit to the firm's Flex-Funding Account.
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