The Financial Industry Regulatory Authority’s Central Registration Depository — the “backbone” of BrokerCheck — as of Monday offers a new feature that streamlines how broker-dealers view information on reps — including their disclosure and work history information, which licenses they hold as well as CE requirements they’ve completed.

FINRA announced last June the multi-pronged plan to overhaul its registration and disclosure programs, including its CRD, with a new WebCRD interface.

The new WebCRD functionality allows queries on reps’ information to be viewed in a single-page format, instead of displayed across multiple pages.

Later this year FINRA will update accessibility to information on the firm and branch sections of the WebCRD.

The updates will feature “new interfaces and functionality, enabling firms to more efficiently use the information maintained by FINRA to ensure they remain in compliance with industry regulations, supervise their activities and support risk management programs more cost effectively,” a FINRA spokesman told ThinkAdvisor on Wednesday.

FINRA plans to make a series of changes to the CRD system to “increase the utility and efficiency of the registration and disclosure process for firms, investors and regulators, as well as to reduce compliance costs for firms,” the broker-dealer self-regulator said.

FINRA said that it expects those changes to be complete in 2021.

— Check out FINRA Revs Up CRD, BrokerCheck Overhaul on ThinkAdvisor.