JA Form CRS 2019 0083.pdf

This document summarizes a justification and approval for a sole source contract awarded by the Securities and Exchange Commission. The SEC awarded a sole source contract to the Financial Industry Regulatory Authority to design, develop, and implement a Form CRS filing system on FINRA's Web CRD and BrokerCheck systems. This will enable broker-dealers to file Form CRS and allow public access to the filings through BrokerCheck. The contract also provides for transferring Form CRS data to the SEC and has a one-year base period with nine optional one-year periods. FINRA was identified as the only source capable of fulfilling the SEC's requirement for these services.