Central Registration Depository (CRD) | Practical Law

Central Registration Depository (CRD) | Practical Law

Central Registration Depository (CRD)

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.