Central Registration Depository (CRD) | Practical Law
Central Registration Depository (CRD)
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Central Registration Depository (CRD)
Practical Law Glossary Item w-000-4943
(Approx. 4 pages)
Glossary
Central Registration Depository (CRD)
An internet-based electronic filing system and database operated by
FINRA
through which
broker-dealers
file applications on
SEC
Form BD
for:
Registration as a
broker
or
dealer
with the SEC.
Membership in FINRA or another
SRO
.
Registration as a broker-dealer with individual states under their
blue sky laws
.
Broker-dealers also submit through the CRD:
The Uniform Branch Office Registration Form (Form BR) for the registration of
branch offices
and other business locations.
Form BDW for the withdrawal of broker-dealer registration.
Form U6 for reportable events for the firm and its associated persons.
Broker-dealers submit on behalf of their
associated persons
through CRD:
Form U4
to apply for an individual category of registration with an SRO.
Form U5
for termination of an individual’s registration with the broker-dealer.
CRD also maintains a public database on:
A broker-dealer’s:
disciplinary record;
criminal history;
record of customer complaints and arbitrations; and
other reportable events.
An associated person’s:
employment history;
disciplinary record;
criminal history;
Record of customer complaints and arbitrations; and
Other reportable events.
For further information on CRD filings, see
Practice Note, Broker-Dealer Registration: Overview
and
FINRA Continuing Membership Application Checklist
.