Tag Archive for: finra

FINRA Notice 15-51

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Summary

December 2015

Pursuant to rule amendments that will be effective February 1, 2016, FINRA is introducing a new category of trade submissions—clearing-only, non- regulatory reports—that firms can use to submit to clearing those OTC transactions in equity securities that have been previously reported through a FINRA facility.1 Clearing-only, non-regulatory reports cannot be used for regulatory reporting purposes. As such, firms can only use these reports where their regulatory reporting obligations to FINRA have been satisfied through other submissions (tape reports, i.e., submitted for public dissemination purposes, or non-tape reports).

The amended rule text is available in the online FINRA Manual.

See the attached pdf, for the full text:

pdf FINRA_Notice_15-51.pdf

FINRA Notice 15-50

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Summary

Effective Date: June 6, 2016

The SEC approved amendments to FINRA Rule 2210 (Communications with the Public) to require each of a member firm’s websites to include a readily apparent reference and hyperlink to BrokerCheck on (1) the initial Web page that the firm intends to be viewed by retail investors, and (2) any other Web page that includes a professional profile of one or more registered persons who conduct business with retail investors.

The rule amendments become effective June 6, 2016.

See the attached pdf, for the full text:

pdf FINRA_Notice_15-50.pdf

FINRA Notice 15-49

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Summary

Effective Date: December 12, 2015

The SEC approved a change to FINRA Rule 8312 (FINRA BrokerCheck Disclosure) to reduce the waiting period from 15 days to three business days for the release of certain information reported on the Form U5 (Uniform Termination Notice for Securities Industry Registration) through BrokerCheck.

The effective date is December 12, 2015.

See the attached pdf, for the full text:

pdf FINRA_Notice_15-49.pdf

FINRA Notice 15-48

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Summary

Effective Date: April 2, 2016

Pursuant to rule amendments that will become effective on April 2, 2016, FINRA will expand its alternative trading system (ATS) transparency initiative to publish the remaining equity volume executed over-the-counter (OTC) by FINRA member firms, including the trading activity of non-ATS electronic trading systems and internalized trades. Beginning on Monday, April 18, 2016, data as of April 4, 2016, will be available in accordance with the amendments—free of charge to all users—on FINRA’s website.

See the attached pdf, for the full text:

pdf FINRA_Notice_15-48.pdf