On January 10, 2013, FINRA issued a voluntary Interim Form for Funding Portals (the “Interim Form”) for the purpose of gathering information from prospective crowdfunding portals under the JOBS Act. The JOBS Act, which was signed into law by President Obama on April 5, 2012, provides, in part, for an exemption from the registration requirements of the Securities Act of 1933 for certain entities that intend to act as funding portals pursuant to the JOBS Act. In order to develop rules specific to crowdfunding, FINRA has created the Interim Form which solicits certain information from prospective funding portals, including information about their ownership, funding, management, business relationships and compensation. In addition, FINRA has asked prospective funding portals to supplement the Interim Form with any additional information that would be helpful to FINRA’s development of crowdfunding rules under the JOBS Act. Once FINRA and the SEC have adopted final rules related to crowdfunding under the JOBS Act, FINRA will issue a final funding portal application. The Interim Form can be accessed here and should be submitted directly to FINRA at fundingportals@finra.org. All information submitted to FINRA by prospective funding portals on the Interim Form will be confidential.