4c. BD - Remote Supervision Pilot program and Residential Supervisory Locations (Intermediate - OPEN)

In a confluence of regulatory events, FINRA’s Pilot program for Remote Supervision has become effective at roughly the same time that Covid Relief under Notice 20-08 terminated. Without the Covid Relief, firms must now report the employment locations of their employees. Adding to this cauldron is the new Residential Supervisory Location (RSL) designation for those locations supervising other representatives and for functions that used to require an OSJs registration. What does this mean for firms?

This session is open to regulators but closed to members of the press.

Learning Objectives:

Learn how firms are thinking about the RSL and impacts on supervisory and compliance programs.
Hear a discussion of what firms are doing based on limited regulatory guidance on what is a “location” and how that relates to hybrid, work from home employees, and RSLs.
Review how to perform the risk assessment of each location and what factors to include in that assessment.
Consider the requirements for quarterly reporting, especially regarding the need to report “substantial” findings.

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