How will the Late Disclosure Fee be calculated when a single form filing contains more than one late disclosure?
In this instance, the Late Disclosure Fee will be based on the disclosure event that has been outstanding the longest. For example, if a Form U4 Amendment is submitted to report three new disclosure events and one disclosure event is 15 days late, the second event is 20 days late and the third event is 30 days late, the firm will be assessed a Late Disclosure Fee of $300 based on the disclosure event that was reported 30 days late.
Related Questions
- Will more than one Late Disclosure Fee be assessed if a single form filing contains more than one late disclosure (i.e., multiple Disclosure Reporting Pages (DRPs) reporting late disclosures)?
- Will the CRD System automatically assess the Late Disclosure Fee at the time the form filing containing the late disclosure is submitted to CRD?
- What form filing types will trigger the Late Disclosure Fee when the reported disclosure is late?
