NMLS MSB Call Report Adopted for 23 Licenses as of January 1, 2017

NMLS MSB Call Report Adopted for 23 Licenses as of January 1, 2017

NMLS MSB Call Report Adopted for 23 Licenses as of January 1, 2017

Check out Amy Greenwood-Field , Senior Attorney with Bradley, comments with regard to the NMLS MSB Call Report. She highlights that the NMLS MSB Call Report will become active in the system in the first quarter of 2017, with the initial report due May 15, 2017, 45 days after the first quarter end. A Q1 report is expected to contain data collected with respect to licensable activities occurring in adopting jurisdictions between January 1, 2017, and March 31, 2017. Required quarterly reporting includes company level financial condition items, company-wide transactions detail, state transactions detail, and permissible investments reporting. Note the requirements for company-wide transaction detail

For additional information about becoming a member of the MSBA, and staying on top of regulations, email: info@msbassociation.org.

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