Regulatory Notice 08-07
FINRA and NYSE Filed Rule Changes with the SEC to Amend FINRA's Gross Income Assessment and Eliminate Certain NYSE Fees; Effective Date: Upon SEC Approval With an Implementation Date of January 1, 2008
On July 30, 2007, NASD and the New York Stock Exchange (NYSE) consolidated their member regulation operations. The combined organization, renamed FINRA, was funded by the legacy NASD fee structure and certain fees collected under NYSE authority and remitted to FINRA. As part of the ongoing consolidation, FINRA has proposed a series of changes to its funding structure. This regulatory pricing proposal, if approved, and prior rebate commitment would result in savings to the securities industry of approximately $25 million dollars annually.
Questions concerning this Notice should be directed to Finance, at (240) 386-5397; or the Office of General Counsel, at (202) 728-8071.
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