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:
FINRA_Notice_15-49.pdfEffective 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:
FINRA_Notice_15-48.pdfACI’s expert team is able to offer results oriented programs largely based on our experience and knowledge. The regulatory landscape is constantly changing and, now more than ever, clients need and want to know their financial future is secure. As an industry, we need to better understand our regulatory responsibilities and restore confidence in the financial markets.
Below, ACI has collected SEC, FINRA, and other regulatory notices that are most pertinent to the broker-dealer FinOp role. Ultimately the broker dealer is responsible for understanding and adhering to all regulations, as complex and expansive as they may be. It is critical to stay up to date, but you don’t have to be alone. If you partner with ACI, our team of CPAs, FinOps, and financial services professionals will help you fully understand and minimize your risks.
Contact ACI today to learn more about our approach to managing the financial regulatory landscape with our clients.
For the full list of FINRA Notices visit www.finra.org/industry/notices.
Give us a call at 212-668-8700, or reach out via our contact form to learn more.
Implementation Date: May 23, 2016
The SEC approved amendments to the Trade Reporting and Compliance Engine (TRACE) rules to require an indicator when the TRACE report does not reflect a commission or mark-up/mark-down. The implementation date for these amendments is May 23, 2016.
The amended rule text is available in the online FINRA Manual.
See the attached pdf, for the full text:
FINRA_Notice_15-47.pdf