The Mutual Fund Dealers Association will no longer be hounding its members to file their financials.

Effective Oct. 1, the MFDA’s membership services department will no longer issue reminder letters to firms concerning their financial filing requirements.

In a notice Wednesday, the MFDA reminded members that, unless they are specifically subject to earlier time periods due to the imposition of early warning requirements, they are required to file an unaudited financial questionnaire and report with the MFDA no later than 20 business days after the month end; and, audited financial statements and an audited financial questionnaire and report no later than 90 days after their fiscal year end.

The MFDA rules empower it to fine firms that don’t keep up their filing requirements. As of Dec. 1, 2003, the MFDA began imposing fees for late filers: $250/business day for the annual financials, and $100/business day for the monthly report.