What information is being sought in Section 4 (Branch Office Arrangements)?
Section 4 (Branch Office Arrangements) is seeking information about office sharing arrangements, except for sales agreements or insurance agency agreements between the main office and registered persons working at the branch. This information was previously reported on Schedule E of the Form BD. Among other things, these questions elicit information about: (1) contractual arrangements between an independent contractor branch office and the firm’s main office; (2) expense-sharing relationships between a parent company and the branch office; and (3) space sharing arrangements between a branch office and a bank or other types of non-investment financial entities.