FINRA Rule 3110.19

In order to qualify as an residential supervisory location (RSL) the private residence must fulfill the following conditions:

1. business is conducted there by one person or multiple individuals who are members of the same immediate family
2. the location is not held out to the public as an office
3. no meeting with customers or prospective customers take place there
4. sales activity taking place is compliant with FINRA Rule 3110(f)(2)(A)(ii) or (iii) – outlining some key requirements including around electronic communications, correspondence, communications, recordkeeping, WSPs, etc.
5. customer funds or securities are not handled there
6. the person working there is formally assigned to a branch office
7. the person’s correspondence and communication with the publi are supervised in accordance with FINRA Rule 3110 obligations
8. electronic communications are made using the firm’s systems
9. a recordkeeping system is in place to preserve the records and those records are not kept at the location
10. appropriate surviallance is in place