Making Changes to Registration Information in ORS FAQs
Firms, floor brokers and floor traders update their own registration information and firms update the registration information of their APs and principals by filing an Update in ORS. To do this, they will access the specific update web pages that contain the information that they wish to change and enter and file the new information.
It depends. In most instances, firms may notify NFA of a change in form of organization by filing an Update. If a firm reports a change in the form of organization by filing an Update, the newly formed organization will be liable for all obligations of the pre-existing organization.
If the reorganized firm does not want to be liable for the obligations of the prior firm, it must apply for a new registration. Firms changing to or from a sole proprietorship must also apply for a new registration. In these instances, the firm needs to file an electronic application (Form 7-R) for the newly formed organization and a Firm Withdrawal Request (Form 7-W) for the pre-existing organization.
To update any address in ORS, click on the Update/Withdraw Registration menu link on the NFA Dashboard—the entryway to ORS—or at the top of any page in ORS. Firm addresses may be changed by clicking on the Firm's Main Office Location link from the Business Location section of the Update/Withdraw Registration menu. Once this link is selected and an NFA ID is entered, a path will open that will allow you to change all of the addresses that are associated with your firm. Residential addresses may be changed by clicking on the home address link from the Personal Profile section of the Update/Withdraw Registration menu. Once the home address link is selected and an NFA ID is entered the Personal Information screen will display, which will allow you to change all of the addresses that are associated with that individual. Residential addresses for Associated Persons and Principals can only be changed by someone at the sponsoring firm that has a security level of either update, file or security manager.