FINRA Board of Governors
Rulemaking Items for Discussion at the December 2013 Meeting
The FINRA Board of Governors will consider the following rulemaking items at its December 2013 meeting. After the December 5 meeting, FINRA will notify firms via email about the Board's actions on these items and anticipated next steps, if any.
Arbitration Fees to Increase Arbitrator Honoraria
The Board will consider amendments to the Customer and Industry Codes of Arbitration Procedure to increase certain arbitration fees for the sole purpose of increasing arbitrator honoraria for the first time since 1999.
Personal Confidential Information Documents Parties File with Dispute Resolution
The Board will consider amendments to the Customer and Industry Codes of Arbitration Procedure to require parties to redact specified personal confidential information from pleadings and other documents they file with FINRA Dispute Resolution. The proposed amendments would apply only to documents filed with FINRA.
Funding Portal Fees
The Board will consider proposed fees for funding portal members for regulatory oversight by FINRA of their funding portal activities.
Limited Corporate Financing Brokers Rule Set
The Board will consider a proposed set of modified FINRA rules that would govern the activities of a group of corporate financing brokers with limited activities.
OTC Reporting Facility Fees
The Board will consider amendments to FINRA Rule 7710 (OTC Reporting Facility) to revise system fees because of the migration of the OTC Reporting Facility to FINRA's multi-product platform.
Quotation Activities in Unlisted Securities
The Board will consider amendments to FINRA rules governing quotation activities in the market for unlisted equity securities.
Rate Reimbursement Provisions for Proxy and Other Issuer-Related Materials
The Board will consider amendments to the rate reimbursement provisions of FINRA Rule 2251 (Forwarding of Proxy and Other Issuer-Related Materials) to align with new provisions recently adopted by the New York Stock Exchange.
TBA Market Margin Requirements
The Board will consider amendments to FINRA Rule 4210 (Margin Requirements) to establish margin requirements for To Be Announced (TBA) transactions, Specified Pool Transactions and transactions in Collateralized Mortgage Obligations, with extended settlement dates (referred to broadly as the TBA market).