The proposed amended rules amend the existing rules to incorporate by reference the current version of SEC Form X-17A-5, FOCUS Report, and other materials incorporated by reference, clarify how applicants for registration as associated persons of investment advisers or federal covered advisers may satisfy exam requirements, use consistent terminology throughout the rule chapter, remove superfluous language, correct a spelling error, require financial statements to be submitted to the Office through an electronic portal, include intermediaries in the definition of “applicant” for purposes of general procedures regarding law enforcement records as such procedures relate to application review, and add in missing language clarifying that for FINRA dealer branch offices not designated as an Office of Supervisory Jurisdiction (OSJ), FINRA dealers must specify the OSJ and the supervisor(s) at the specified OSJ that supervise(s) the branch office. The proposed amended rules also amend the existing rules to allow associated persons of Financial Industry Regulatory Authority (FINRA) member firms who elect to participate in the FINRA Maintaining Qualifications Program (MQP) to satisfy exam requirements. Individuals who terminate their registrations with FINRA member firms and elect to participate in the MQP may have a maximum of five years, instead of two years, in which to reregister with a firm without having to requalify by exam.