The Financial Industry Regulatory Authority has released a new video explaining how broker-dealers need to amend Form U4 to answer the new Residential Supervisory Location, or RSL, question.
As the video explains, a response to the RSL question is required for all non-registered office of employment locations that are marked as private residences.
The first step is to search for an individual that needs to have their U4 amended, the video explains. Once viewing the individual's profile, the "Actions" tab will be the starting point of the amendment.
"FINRA is making these helpful instructional videos available to the public as part of their continued effort to accommodate work-from-home and remote work arrangements for personnel of their broker-dealer member firms," Ben Marzouk, partner at Eversheds Sutherland in Washington, told ThinkAdvisor Monday.
"By publishing these video guides, FINRA is hoping for more widespread industry use and adoption of their new remote work rules," including the new RSL office designation, Marzouk said.
