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Bug #194 » FINRA-Rule-4140_Audit4_3e358e78-b963-454b-a005-936118085286.json

Joseph Potvin, 02/14/2023 08:20 PM

 
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{
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    "id": "ce4c3fa7-1c84-4f00-8cc5-dfc11eee947c",
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    "uuid": "ce4c3fa7-1c84-4f00-8cc5-dfc11eee947c",
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    "rule_id": "ce4c3fa7-1c84-4f00-8cc5-dfc11eee947c",
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    "rulereserve_nodes": "*",
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    "version_standard_url": "https://semver.org/",
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    "dwds_schema_version": "0.0.0",
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    "properties": {
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        "id": "ce4c3fa7-1c84-4f00-8cc5-dfc11eee947c"
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    },
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    "metadata": {
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        "rule": {
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            "120_title": "4140. Audit",
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            "240_summary": "FINRA Rules\n4000. FINANCIAL AND OPERATIONAL RULES\n4100. FINANCIAL CONDITION\n4140. Audit",
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            "960_explanation": "FINRA may require any member to have an audit or examination of its accounts conducted by an independent public accountant. The audit or examination must follow attestation, review, and consultation standards specified by the AICPA and any additional requirements set by FINRA. The audit or examination is directed by FINRA's Executive Vice President in charge of financial responsibility, or a delegate of theirs. Any member who does not file the relevant audited financial and/or operational report or examination report within the given timeframe will be subject to a late fee listed in Schedule A Section 4(g)(1) of the FINRA By-Laws.",
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            "version": "0.1.0",
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            "criticality": "experimental",
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            "url": "https://www.finra.org/rules-guidance/rulebooks/finra-rules/4140",
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            "pattern": "",
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            "pattern_version": "",
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            "rulemaker_entity": [
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                {
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                    "name": "Financial Industry Regulatory Authority (FINRA)",
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                    "url": "https://www.finra.org/",
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                    "ssid": "",
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                    "uuid": "027d7f9e-0e7d-44cd-a893-5c12c6a20d0b"
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                }
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            ],
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            "rulemaker_manager": [
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                {
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                    "name": "Megan Barbero",
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                    "email": "[email protected]",
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                    "contact": "General Counsel, Office of the General Counsel. Telephone: 202-551-5100",
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                    "uuid": "b88e561c-2d5c-464b-a88a-de66f45096f0"
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                }
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            ],
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            "rulemaker_author": [
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                {
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                    "name": "Joseph Potvin",
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                    "email": "[email protected]",
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                    "contact": "",
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                    "uuid": "49354a2a-fad3-44f8-bb0d-3891e6ed0d34"
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                }
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            ],
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            "rulemaker_maintainer": [
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                {
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                    "name": "Joseph Potvin",
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                    "email": "[email protected]",
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                    "contact": "",
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                    "uuid": "4f2e65f7-e22e-40a7-a705-b3e89c8226fb"
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                }
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            ]
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        }
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    },
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    "in_effect": [
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        {
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            "country": "US",
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            "subcountry": "",
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            "timezone": {
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                "start": "UTC-05:00",
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                "end": "UTC-05:00"
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            },
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            "start": "1992-08-12T04:00:01.000Z",
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            "end": "2011-08-12T04:59:59.000Z"
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        }
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    ],
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    "category_applicable": {
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        "industry": [
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            {
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                "isic_code": "6611",
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                "isic_name": "Administration of financial markets"
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            }
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        ],
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        "good_service_asset": [
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            {
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                "unspsc_code": "64110000",
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                "unspsc_name": "Securities"
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            }
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        ]
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    },
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    "data_sources": [],
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    "input_conditions": [
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        {
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            "sentence": [
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                {
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                    "determiner": "This"
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                },
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                {
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                    "noun": "entity"
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                },
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                {
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                    "predicate_verb": "is"
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                },
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                {
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                    "description": "a registered member"
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                },
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                {
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                    "attribute": "of FINRA (FINRA member entity),"
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                },
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                {
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                    "past_participle_verb": "as validated in the FINRA membership registry."
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                }
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            ],
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            "scenarios": {
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                "A": "01",
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                "B": "01",
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                "C": "01",
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                "D": "01",
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                "E": "01",
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                "F": "01",
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                "G": "01",
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                "H": "01"
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            }
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        },
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        {
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            "sentence": [
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                {
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                    "determiner": "This"
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                },
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                {
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                    "noun": "FINRA member entity"
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                },
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                {
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                    "predicate_verb": "has been instructed to file"
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                },
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                {
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                    "attribute": "within a given time frame,"
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                },
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                {
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                    "description": "an audited financial and/or operational report or examination report to validate the accuracy or integrity of its financial statements, books and records or prior audited financial statements,"
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                },
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                {
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                    "past_participle_verb": "as instructed."
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                }
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            ],
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            "scenarios": {
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                "A": "00",
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                "B": "01",
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                "C": "01",
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                "D": "01",
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                "E": "01",
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                "F": "01",
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                "G": "01",
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                "H": "01"
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            }
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        },
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        {
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            "sentence": [
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                {
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                    "determiner": "A"
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                },
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                {
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                    "past_participle_verb": "duly completed"
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                },
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                {
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                    "noun": "request for temporary extension of time"
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                },
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                {
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                    "predicate_verb": "is"
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                },
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                {
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                    "description": "received at least three business days prior to the specified due date"
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                },
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                {
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                    "attribute": "by FINRA."
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                }
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            ],
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            "scenarios": {
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                "A": "00",
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                "B": "01",
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                "C": "00",
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                "D": "01",
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                "E": "11",
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                "F": "00",
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                "G": "00",
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                "H": "00"
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            }
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        },
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        {
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            "sentence": [
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                {
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                    "determiner": "The"
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                },
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                {
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                    "noun": "INRA Executive Vice President (or a person they delegate) in charge of financial responsibility "
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                },
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                {
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                    "past_participle_verb": "has determined"
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                },
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                {
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                    "description": "that the request for a temporary extension of time  for filing the audited financial and/or operational report or examination report,"
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                },
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                {
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                    "predicate_verb": "as submitted,"
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                },
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                {
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                    "attribute": "is warranted."
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                }
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            ],
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            "scenarios": {
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                "A": "00",
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                "B": "11",
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                "C": "00",
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                "D": "01",
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                "E": "11",
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                "F": "00",
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                "G": "00",
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                "H": "00"
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            }
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        },
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        {
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            "sentence": [
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                {
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                    "determiner": "This"
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                },
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                {
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                    "noun": "FINRA member entity"
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                },
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                {
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                    "predicate_verb": "is preparing"
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                },
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                {
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                    "description": "the audited financial and/or operational report or examination report"
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                },
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                {
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                    "attribute": "within the given time frame,"
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                },
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                {
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                    "past_participle_verb": "as instructed."
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                }
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            ],
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            "scenarios": {
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                "A": "00",
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                "B": "00",
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                "C": "01",
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                "D": "01",
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                "E": "00",
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                "F": "00",
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                "G": "00",
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                "H": "00"
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            }
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        },
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        {
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            "sentence": [
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                {
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                    "determiner": "The"
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                },
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                {
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                    "noun": "FINRA member entity"
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                },
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                {
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                    "predicate_verb": "is preparing"
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                },
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                {
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                    "description": "the audited financial and/or operational report or examination report"
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                },
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                {
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                    "past_participle_verb": "is now flagged as"
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                },
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                {
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                    "attribute": "exceeding the specified due date set by FINRA."
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                }
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            ],
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            "scenarios": {
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                "A": "00",
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                "B": "00",
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                "C": "00",
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                "D": "00",
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                "E": "01",
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                "F": "00",
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                "G": "00",
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                "H": "00"
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            }
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        },
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        {
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            "sentence": [
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                {
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                    "determiner": "This"
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                },
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                {
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                    "noun": "FINRA member entity"
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                },
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                {
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                    "past_participle_verb": "has filed"
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                },
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                {
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                    "description": "the audited financial and/or operational report or examination report"
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                },
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                {
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                    "attribute": "within the given time frame,"
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                },
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                {
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                    "predicate_verb": "as instructed."
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                }
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            ],
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            "scenarios": {
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                "A": "00",
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                "B": "00",
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                "C": "00",
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                "D": "00",
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                "E": "00",
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                "F": "00",
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                "G": "10",
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                "H": "01"
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            }
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        }
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    ],
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    "output_assertions": [
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        {
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            "sentence": [
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                {
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                    "past_participle_verb": "Upon notification from FINRA,"
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                },
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                {
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                    "determiner": "this"
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                },
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                {
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                    "noun": "FINRA member entity"
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                },
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                {
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                    "predicate_verb": "must arrange for"
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                },
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                {
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                    "attribute": "an independent public accountant"
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                },
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                {
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                    "description": "to audit or examination of its accounts, in accordance with AICPA and FINRA standards and guidelines."
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                }
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            ],
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            "scenarios": {
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                "A": "00",
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                "B": "01",
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                "C": "01",
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                "D": "01",
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                "E": "01",
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                "F": "01",
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                "G": "01",
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                "H": "01"
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            }
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        },
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        {
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            "sentence": [
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                {
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                    "determiner": "The"
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                },
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                {
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                    "noun": "audit or examination"
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                },
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                {
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                    "past_participle_verb": "is"
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                },
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                {
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                    "predicate_verb": "directed"
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                },
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                {
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                    "description": "by the FINRA Executive Vice President (or a person they delegate)"
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                },
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                {
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                    "attribute": "in charge of financial responsibility."
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                }
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            ],
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            "scenarios": {
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                "A": "00",
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                "B": "01",
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                "C": "01",
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                "D": "01",
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                "E": "01",
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                "F": "01",
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                "G": "01",
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                "H": "01"
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            }
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        },
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        {
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            "sentence": [
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                {
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                    "determiner": "A"
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                },
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                {
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                    "noun": "temporary extension of time"
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                },
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                {
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                    "predicate_verb": "is"
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                },
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                {
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                    "description": "granted"
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                },
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                {
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                    "attribute": "for filing the audited financial and/or operational report or examination report,"
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                },
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                {
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                    "past_participle_verb": "as requested."
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                }
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            ],
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            "scenarios": {
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                "A": "00",
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                "B": "10",
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                "C": "00",
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                "D": "01",
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                "E": "10",
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                "F": "00",
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                "G": "00",
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                "H": "00"
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            }
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        },
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        {
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            "sentence": [
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                {
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                    "attribute": "For each day (to a maximum of 10 days) that the audited financial and/or operational report or examination report is overdue,"
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                },
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                {
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                    "determiner": "this"
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                },
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                {
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                    "noun": "FINRA member entity"
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                },
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                {
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                    "predicate_verb": "must pay"
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                },
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                {
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                    "description": "a late fee of $100,"
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                },
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                {
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                    "past_participle_verb": "as notified."
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                }
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            ],
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            "scenarios": {
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                "A": "00",
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                "B": "00",
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                "D": "00",
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                "F": "01",
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                "G": "10",
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                "H": "00"
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            }
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        },
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        {
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            "sentence": [
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                {
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                    "determiner": "The"
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                {
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                    "noun": "FINRA Executive Vice President (or a person they delegate) in charge of financial responsibility,"
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                },
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                {
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                    "past_participle_verb": "after reviewing the submission(s),"
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                },
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                {
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                    "predicate_verb": "informs"
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                },
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                {
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                    "description": "this FINRA member entity"
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                },
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                {
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                    "attribute": "that their financial and/or operational report or examination report requirements have been fulfilled."
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                }
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            ],
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            "scenarios": {
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                "A": "00",
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                "B": "00",
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                "D": "00",
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                "E": "00",
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                "F": "00",
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                "G": "00",
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                "H": "01"
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            }
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        }
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    ],
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    "output_weight": {
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        "character": "0",
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        "enforcement": "49",
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        "consequences": "49",
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        "rule_group": ""
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    },
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    "output_characteristics": {
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        "rulemaker_ruletaker_thirdparty": "rule-taker",
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        "affirmative_negative_interrogative": "interrogative",
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        "be_do_have": "do",
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        "declarative_imperative_empirical": "imperative",
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        "logical_practical_ethical": "ethical",
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        "must_may_should": ""
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    }
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}
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