UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 13F

                               FORM 13F COVER PAGE

Report for the Calendar Year or Quarter Ended:    September 30, 2009
                                                ------------------------

Check here if Amendment [   ]; Amendment Number:
                                                  -------
   This Amendment (Check only one.):  [   ] is a restatement.
                                      [   ] adds new holdings entries.

Institutional Investment Manager Filing this Report:

Name:      Farley Capital L.P.
           --------------------------------------------------
Address:   780 Third Avenue, 31st Floor
           --------------------------------------------------
           New York, New York 10017
           --------------------------------------------------

           --------------------------------------------------

Form 13F File Number:  028-12507

The institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it, that all information contained herein is true, correct and
complete, and that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of this form.

Person Signing this Report on Behalf of Reporting Manager:

Name:      Stephen L. Farley
           --------------------------------------------------
Title:     General Partner
           --------------------------------------------------
Phone:     (212) 421-8741
           --------------------------------------------------

Signature, Place, and Date of Signing:

        /s/ Stephen L. Farley        New York, New York        11/16/09
       ------------------------   ------------------------ -----------------
             [Signature]                [City, State]           [Date]






Report Type (Check only one.):

[ X ]   13F HOLDINGS REPORT. (Check here if all holdings of this reporting
        manager are reported in this report.)

[   ]   13F NOTICE. (Check here if no holdings reported are in this report, and
        all holdings are reported by other reporting manager(s).)

[   ]   13F COMBINATION REPORT. (Check here if a portion of the holdings for
        this reporting manager are reported in this report and a portion are
        reported by other reporting manager(s).)









                           FORM 13F SUMMARY PAGE

Report Summary:


Number of Other Included Managers:                   1
                                               -------------

Form 13F Information Table Entry Total:              0
                                               -------------

Form 13F Information Table Value Total:             $0
                                               -------------
                                                (thousands)


List of Other Included Managers:


Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional investment managers with respect to which this report is filed,
other than the manager filing this report.

         No.    Form 13F File Number          Name

         1.     028-10425                     Stephen L. Farley







                                                      Form 13F INFORMATION TABLE


           COLUMN 1           COLUMN 2       COLUMN 3    COLUMN 4          COLUMN 5      COLUMN 6  COLUMN 7       COLUMN 8
- ------------------------- ---------------- ----------- ----------- ----------- --- ---- ---------- -------- --------------------
                                                                                  
                                                          VALUE      SHRS OR   SH/ PUT/ INVESTMENT  OTHER     VOTING AUTHORITY
    NAME OF ISSUER         TITLE OF CLASS      CUSIP     (x$1000)    PRN AMT   PRN CALL DISCRETION MANAGERS  SOLE   SHARED NONE
- ------------------------- ---------------- ----------- ----------- ----------- --- ---- ---------- -------- ------- ------ -----