FINRA Notice 16-04

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Summary

Effective December 20, 2015

The SEC recently approved FINRA’s proposal to merge its dispute resolution subsidiary, FINRA Dispute Resolution, Inc. into and with its regulatory subsidiary, FINRA Regulation, Inc.1 FINRA continues to operate its dispute resolution program, now as a separate department within FINRA Regulation under the name of the Office of Dispute Resolution. To implement the merger, FINRA made necessary conforming amendments to its Plan of Allocation and Delegation of Functions by NASD to Subsidiaries (Delegation Plan), amended the FINRA Regulation By-Laws to incorporate substantive and unique provisions from the FINRA Dispute Resolution By-Laws, deleted the FINRA Dispute Resolution By-Laws in their entirety and made conforming amendments to FINRA rules. The SEC also approved amendments to the FINRA Regulation By-Laws to increase the total number of directors who may serve on the FINRA Regulation board from 15 to 17.

See the attached pdf, for the full text:

pdf FINRA_Notice_16-04.pdf

FINRA Notice 16-03

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Summary

Implementation Date: December 14, 2015

The SEC approved an amendment to FINRA Rule 0150 to codify the application of FINRA Rule 2121 and its Supplementary Material .01 and .02, which govern mark-ups and commissions, to transactions in exempted securities that are government securities. The amendment became effective upon SEC approval. The amended rule text is available in the online FINRA Manual.

See the attached pdf, for the full text:

pdf FINRA_Notice_16-03.pdf

FINRA Notice 16-02

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Summary

Implementation Date: March 7, 2016

FINRA periodically reviews the content of qualification examinations to determine whether revisions are necessary or appropriate in view of changes—including changes to the laws, rules and regulations—pertaining to the subject matter the examinations cover. Based on this review process, FINRA has revised the General Securities Sales Supervisor (Series 9/10) examination program.

The changes are reflected in the Series 9/10 content outline on FINRA’s website and will appear in Series 9/10 examinations administered on or after March 7, 2016.

See the attached pdf, for the full text:

pdf FINRA_Notice_16-02.pdf

FINRA Notice 16-01

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Summary

Payment Deadline: January 15, 2016

FINRA is issuing this Notice to help firms review, reconcile and respond to their Final Statements as well as view the reports that are currently available in Web CRD/IARD for the annual registration renewal process. The payment deadline is January 15, 2016.

See the attached pdf, for the full text:

pdf FINRA_Notice_16-01.pdf