On March 6th, the Financial Industry Regulatory Authority announced that effective immediately, FINRA will waive the requisite continuing membership application ("CMA") fee where FINRA determines that a CMA is proposing less significant changes that do not require substantial staff review. Also effective immediately, FINRA will refund the application fee (less a $500 processing fee) if an applicant withdraws a new membership application or CMA within 30 days after filing the application with FINRA. FINRA Regulatory Notice 13-11.