Events listed in [FINRA] Financial Industry Regulatory Authority
Regulatory Notice 23-18
ID 25591
The Financial Industry Regulatory Authority (FINRA) has published a Regulatory Notice (23-18) in connection with the yearly fees to be paid by member firms. Specifically, FINRA points out that in November 2022, it will issue preliminary statements on the upcoming licensing and branch registration fees for 2024. The preliminary statement will subsequently be replaced with a final statement in January 2024. Firms must pay ...
Quantum Computing Has Potential to Reshape Securities Industry, New FINRA Report ...
ID 25571
The Financial Industry Regulatory Authority (FINRA) recently published a report titled „Quantum Computing and the Implications for the Securities Industry“. The report discusses research undertaken by FINRA’s Office of Financial Innovation on the application of quantum computing in the securities market and summarizes key findings in the following areas: – the potential applications for quantum computing that are currently being explored by financial market ...
Regulatory Notice 23-17
ID 25564
The Financial Industry Regulatory Authority, FINRA, has published a regulatory notice (23-17) to inform that it will discontinue its data collection under FINRA Rule 4540. FINRA’s Rule 4540 mandates that clearing and self-clearing member firms report specific data electronically about themselves and the members they clear for to facilitate risk analysis of the Authority. Specifically, the data collected through this rule was used in ...
SR-FINRA-2023-014
ID 25557
In view of the upcoming changes to 17 CFR Part 240, § 240.15b9-1 under the Securities Exchange Act of 1934 on registration requirements of broker-dealers with the Financial Industry Regulatory Authority (FINRA) and exemption therefrom as initiated by the Securities and Exchange Commission in August this year (EventID 22724), FINRA has now published a **draft on proposed rule changes to „establish a Short-Form Membership ...
Regulatory Notice 23-16
ID 25386
Following the approval of the Securities and Exchange Commission (SEC) of a proposed rule change requested by the Financial Industry Regulatory Authority (FINRA) with respect to the (non)application of FINRA’s trading activity fee [TAF] towards certain proprietary trading firms (please see EventID 22001 in this context), FINRA has now published Regulatory Notice 23-16 to announce the effective date of the rule change which will ...
FINRA’s Maintaining Qualifications Program Second Enrollment Period Open Through ...
ID 25189
As previously announced (EventID 20218), the Financial Industry Regulatory Authority, FINRA, has published a press release to inform previous FINRA member firms or registered individuals which (a) have de-registered from FINRA within the past two years prior to March 15, 2022 and (b) missed the deadline to sign up for participation in the „Maintaining Qualifications Program (MQP) that they may now enroll in the ...
SEC, MSRB, FINRA to Hold Virtual Compliance Outreach Program
ID 25163
The Securities and Exchange Commission (SEC), Municipal Securities Rulemaking Board (MSRB), and Financial Industry Regulatory Authority (FINRA) have jointly announced the registration opening for an upcoming virtual Compliance Outreach Program intended for professionals in the municipal securities market. This online event is scheduled for December 7, 2023, running from 10:30 a.m. to 4:30 p.m. Eastern Time. The primary purpose of the event is to ...
SR-FINRA-2023-012
ID 25052
The Financial Industry Regulatory Authority, FINRA, has published on its website a proposed rule amendment (SR-FINRA-2023-012) to FINRA Rule 3110 as regards broker-dealers‘ 2024 inspection requirements that was recently filed with the U.S. Securities and Exchange Commission (SEC). Specifically, FINRA seeks (sought) to modify „Supplementary Material .17 (Temporary Relief to Allow Remote Inspections for Calendar Years 2020, 2021, 2022, and 2023)“ under FINRA R ...
Regulatory Notice 23-15
ID 24834
**In view of the Securities and Exchange Commission’s (SEC) changes to Rule 15c6-1(a) under the Securities Exchange Act of 1934 which involves the shortening of the standard settlement cycle for most broker-dealer transactions from T+2 (two business days after the trade date) to T+1 (one business day after the trade date) effective May 28, 2024, the Financial Industry Regulatory Authority, FINRA, has published a ...
SR-FINRA-2023-011
ID 24772
The Financial Industry Regulatory Authority (FINRA) has published on its website a proposal to „amend“ FINRA Rule 4210 to extend to May 22, 2024 the implementation date of margin requirements on the following security transactions: (a) To Be Announced (TBA) transactions; (b) Adjustable rate mortgage (ARM) transactions: (c) Specified Pool Transactions; and (d) Collateralized Mortgage Obligations (CMOs). The imposition of such obligations was originally ...