Web EFT Sunset
The Web EFT data subscription service is scheduled to be sunset on November 15, 2024. All associated xml file uploads and downloads will be completely retired as of that date. Current subscribers wishing to continue making automated data transfers with FINRA must transition to using the new FINRA API platform. See the Important Milestones section below for additional details.
This page has been created specifically for firms making this transition and will be updated regularly as the sunset date approaches. Please contact FINRA if you are a Web EFT subscriber with questions about migrating to the API Platform.
2024 Monthly Webinar Presentations
| January | February | March |
Important Milestones
| Number | Deliverables | Description | Production Date | Completed (Yes/No) |
|---|---|---|---|---|
| 1 | Pause API billing until end of 2023 | Pause API billing until end of 2023 (Web EFT billing continues) | April 2023 | Yes |
| 2 | Pre-Registration v2 Dataset | The new enhanced pre-registration dataset provides comprehensive individual data, including disclosure information. | June 2023 | Yes |
| 3 | API Test Environment | Enables API customers to identify and resolve issues related to integration with Submission and Notification APIs prior to production release. | July 2023 | Yes |
| 4 | Create Individual | New capability that enables member firms to create an initial registration record for an individual that includes the generation of a CRD number. | October 2023 | Yes |
| 5 | U4 Submission | New capability that enables member firms to submit registration data (U4) via FINRA Submission API. | October 2023 | Yes |
| 6 | Mapping Documentation between Individual Reports in WebEFT and New Composite Individual Dataset | Mapping Documentation between following Individual Reports in WebEFT and New Composite Individual Dataset can be downloaded here .
| November 2023 | Yes |
| 7 | Composite Individual Dataset | The Composite Individual dataset offers comprehensive information about an individual based on their Individual CRD Number. The dataset includes registration records of the individual associated with the requesting firm, along with information about individuals who have left the firm in the last 30 days. | December 2023 | Yes |
| 8 | Individual Delta Dataset | This new capability allows firms to obtain Individual Representatives in real-time for whom FINRA-stored registration information has changed during the given datetime range. Once the Individual CRD is received, Composite Individual Dataset can then be used to get latest information for the individual. | December 2023 | Yes |
| 9 | U5 Submission | Provides ability to firms to submit U5 forms via FINRA Submission API Framework | December 2023 | Yes |
| 10 | API Billing Resumes (Web EFT billing ends) | API billing resumes (Web EFT billing ends) | January 1, 2024 | Yes |
| 11 | Sunset WebEFT API Credential | WebEFT API Credential will no longer have access to FINRA Query API. | January 17, 2024 | Yes |
| 12 | Updates to Composite Individual and Individual Delta Dataset | Please refer to the changes here. | February 2nd 2024 | Yes |
| 14 | Updates to Composite Individual Dataset | Please refer to the changes here. | Mid February 2024 | Yes |
| 15 | Composite Individual Seed Job | Provides data download via API of all the individuals currently employed by the requesting firm and individuals terminated. The data elements for this dataset will be the same as in Composite Individual Dataset. | QA Test Date: February 21st 2024 PROD: Early March, 2024 | Yes |
| 16 | Additional changes related to Composite Individual | Please see here. | End of February 2024 | Yes |
| 16 | BR Submission | Provides ability for firms to submit Form BR via FINRA Submission API. | April 2024 | No |
| 17 | Mapping Between WebEFT Branch Reports and Composite Branch Dataset | Mapping between WebEFT Branch Reports and Composite Branch Dataset will also be provided. | April 2024 | No |
| 18 | Composite Branch Dataset | Composite Branch Dataset provides information about the firm's open branch offices. | April 2024 | No |
| 19 | Branch Delta Dataset | Provides a list of Branch CRDs whose information has changed for a given date range | April 2024 | No |
| 20 | Branch List | Gives a list of Branch CRDs for a requesting firm | April 2024 | No |
| 21 | Post Accounting Dataset | Provides ability for firms to get account transaction for a specified day. | May 2024 | No |
| 22 | NRF Submission | Provides ability for firms to submit Form NRF (Non Registered Fingerprint form) via the FINRA Submission API. | July 2024 | No |
| 23 | Update to Individual delta to include domains | Update to Individual Delta to include domain where the change has happened | Aug 2024 | No |
| 24 | Real-time Notifications | Real-time notifications based on Individual Information change. | Sept 2024 | No |
| 25 | Remaining Web EFT posting reports | Gaps will be filled via either the Composite Individual or Composite Branch Dataset | Sept 2024 | No |
| 26 | Sunset WebEFT Extension Credential | Legacy WebEFT Extension credential will no longer have access to FINRA Query APIs. | November 15, 2024 | No |
| 27 | Last day Web EFT is Available | Last day Web EFT is available. XML reports no longer available and XML batch files no longer processed after this date. | November 15, 2024 | No |
Frequently Asked Questions
- How is the FINRA API platform different from Web EFT?
Answer: Here are a few basic differences between Web EFT and the FINRA API platform:
| Web EFT | FINRA API Platform |
|---|---|
|
|
- What are the steps to obtain access to the FINRA API platform?
Answer: Please have the firm’s Super Account Administrator (SAA) follow these steps to enable access to the FINRA API platform.
- How much does it cost to subscribe to the FINRA API platform?
Answer: The monthly fee for firm subscribers is $1650 per month. See the FAQs at the bottom of this page for information about usage limits and fees for affiliated firms.
- Where can I find documentation for registration datasets that are already available in production?
Answer: Please visit this page for documentation on available registration datasets. As new datasets are introduced, they will be added to the same page.
- Are the available datasets exactly the same as the legacy Web EFT reports?
Answer: While the same data elements provided via Web EFT will be available in the FINRA API, there will not necessarily be a 1-1 match between specific Web EFT reports and specific API datasets. FINRA is in the process of mapping the data elements across both platforms and will publish here once complete.
- How will I be notified of data changes within my firm?
Answer: FINRA will provide a dataset listing CRD numbers whose information changed on a given day. In addition, in 2024, we will be working to provide real-time notifications related to changes in the information of individuals.
- If I’m utilizing a vendor, how does the vendor access my firm’s data via the FINRA API?
Answer: As was the case with Web EFT, the firm will need to initiate a subscription and share credentials with the vendor in order for them to access data on the firm’s behalf.
- Is there a documentation I can review for the submission API?
Answer: Yes, please see here for details related to the submission API.
9. How can my firm access the API QA environment to test with realistic data?
Answer: Once your firm has onboarded to the API (see FAQ#2 above), the firm's SAA can complete this form to request QA access on behalf of production account holders. To learn more about the QA Test environment, click here.
10. Does FINRA have any examples of how to make API calls?
Answer: While FINRA does not endorse any particular tool or programming language, please review this document for a basic example of how to use a common tool to call the API.