The National Registration Database is slated to receive a small facelift this weekend.

On November 26, the NRD application will be enhanced to include two new features: a detailed report for preliminary and final annual fees; and the ability to reverse individuals identified to be excluded from the final annual fee.

The new detailed report will provide firms and regulators with details of projected fees payable (preliminary annual fee notice as of December 1) or actual fees paid (final annual fee summary as of December 31) for annual renewal in a given year. The report is available in three sorting formats: by individual, by location, and by “fees paid for” any commission or NRD user fees. The report will help firms to reconcile fees, NRD says.

Also, the existing Annual Fee Exclusion submission allows an firm to exclude certain individuals associated with their firm from the calculation of annual fees. This type of submission is filed to ensure that those individuals terminating their registration prior to December 31 are not included in the annual fee calculation. The system has been enhanced to allow the exclusion to be reversed. This may be needed in situations where the individual was excluded in error or a decision has been made to maintain the individual’s registration after December 31.

News release
http://www.nrd-info.ca