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Home > FAQs > Registration > Requirements for FCM/RFED and IB Applicants > What financial information do I need...

What kind of financial statements do I need to submit to become an independent IB?

An applicant must file either:

1) a certified financial statement as of a date no more than 45 days before it is filed,

2) a certified financial statement as of a date no more than one year before it is filed and an uncertified financial statement as of a date no more than 17 business days before it is filed, or

3) an uncertified financial statement as of a date no more than 17 business days before it is filed.

If an IB applicant chooses the third option, however, NFA will conduct an audit within six months after the firm is registered, or NFA may require the applicant to file a certified financial statement before its registration becomes effective.

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