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When a member is advised that it needs special supervisory procedures, submitting a detailed report to FINRA is not part of the immediate action plan. Instead, the primary focus is on implementing the required supervisory procedures, ensuring that staff are trained accordingly, and establishing a regular compliance review framework.

The reason for this is that the immediate response to a notice for special supervisory procedures revolves around enhancing internal protocols and ensuring that everyone involved understands and can effectively execute these procedures. A detailed report to FINRA, while potentially necessary at some stage for compliance and regulatory purposes, does not directly contribute to the immediate implementation and effectiveness of the supervisory changes required.

Thus, the emphasis is placed on actionable steps that will directly lead to improved compliance and operational integrity rather than on documenting those changes in a report to regulatory bodies.