Web EFT-to-API Migration Updates
May 15, 2024
Copyright 2024 FINRA
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Reminder – Web EFT Sunset
o Web EFT will be sunset on November 15, 2024. All currently available XML reports
and batch upload functionality will be COMPLETELY RETIRED as of that date.
o All existing XML reports and functionality will continue to be available until the sunset date.
o Limited XML schema updates only when absolutely necessary.
o All firms wishing to continue automating registration data transfers MUST transition
to using the new FINRA API platform.
o This includes firms who may utilize a third-party vendor. After the firm onboards to the new
platform, they can then create and share credentials with the vendor.
o Refer to the Web EFT sunset page on the DFO website for full roadmap and other
resources: https://developer.finra.org/webeftsunset
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Onboarding to the API Platform
o Detailed steps are provided on the DFO website, including links to screenshots:
o https://developer.finra.org/APICredentials
o Summary of process:
o SAA requests admin access to API Console in FINRA Gateway (form available at link above).
o SAA grants “User” entitlement to API Console to themselves and others.
o Users with console access are then able to create API credentials (including for vendors).
o Invoices available in E-Bill a month after creating first credential.
o Please coordinate with team/individual listed under “Firm Billing Info”.
o For more about fees, including for affiliate firms, see FAQs at the bottom of this page:
https://developer.finra.org/fees
o After provisioning the first production machine-to-machine credential, access to the
QA API Console can be requested by following the steps here:
o https://developer.finra.org/docs#getting_started-api_platform_basics-qa_test_environment
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Help Getting Started
o Information about authorization, headers, troubleshooting, etc.:
o https://developer.finra.org/docs#getting_started-api_platform_basics-authorization
o Sample API call using Postman:
o https://developer.finra.org/UsingPostmantocalltheFINRAAPIPlatform
o Recorded webinars for Form U4 and Composite Individual:
o https://developer.finra.org/webinars
o Support FAQs:
o https://developer.finra.org/support
o Explore non-registration datasets included in your subscription:
o https://developer.finra.org/catalog
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Suggested Use of Individual Datasets
Use Composite Individual Seed
dataset for initial database population
(not intended to be used regularly)
Call Individual Delta on a chosen
cadence to receive a list CRD #’s who
have had changes since the last call
Use the list of CRD #’s to call the
Composite Individual dataset and
download updates for each individual
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Suggested Submission API Workflow
Pre-
Registration API
U4 Submission
Individual Delta
Composite
Individual
U5 Submission
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Recent API Developments
o Updates to Composite Individual and Delta: Enhancements and fixes.
o https://developer.finra.org/release-notes/april-19-2024-release-notes
o Includes switch from using "&filters=" to using "&sections=".
o Go-Live for All Branch Endpoints: Form BR and related functionality.
o https://developer.finra.org/news/announcing-launch-branch-related-api-endpoint
o Composite Branch Dataset (mapping provided in “eftReportAttributeName” fields)
o Branch Delta Dataset (same concept as Individual Delta)
o Branch List Dataset (used to get info for all branches, no branch seed file)
o Form BR Submission (includes all filing types)
o Updates to Branch Endpoints: Fixes to Composite Branch and Delta
o https://developer.finra.org/release-notes/may-9th-2024-release-notes
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Residential Supervisory Location (RSL)
o RSL-related changes targeted for June 1, 2024:
o In support of rules changes described in Notice 24-02.
o Form U4 submission changes already available to test:
o https://developer.finra.org/news/residential-supervisory-location-rsl-related-updates-u4-
submission-apis-available-qa-test
o Updates to Composite Individual dataset targeted to be available in QA on or about
May 13.
o Due to impending sunset, no impacts are planned for Web EFT.
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API Communications
o Web EFT sunset milestones, FAQS, and previous webinar slides are posted online:
o https://developer.finra.org/webeftsunset
o For questions not already answered online: api_developer@finra.org
o Webinars are planned for the third Wednesday of each month from 1-2pm ET
through November 2024.
o Agendas and connection information will be sent monthly via broadcast email.
o Office hours will typically be held on the second and fourth Tuesdays of each month
through November 2024 for technology staff to discuss development topics.
o Exact dates and times will be included in each invitation, along with registration link.
(Continue sending XML batch questions to WebEFT.Support@finra.org.)
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Q
A