Can a Type 01 Federal Firearms Licensee continue to conduct business (i.e. firearms manufactured by completion, assembly, or applying coatings, or otherwise making them suitable for use) until a Type 07 license is received?

No. The effective date of the final rule is August 24, 2022. No grace period will be given, thus affected licensees requiring a new license type should act as soon as possible to ensure their business activities may continue uninterrupted. 

Last Reviewed July 22, 2022