Regulatory Notice 08-19

SEC Approves Rule Change to Amend FINRA's Gross Income Assessment; Effective Date: January 1, 2008

Executive Summary

On March 11, 2008, the SEC approved amendments to FINRA's Gross Income Assessment (GIA) with a retroactive effective date of January 1, 2008.1 The amendments establish a new structure for the GIA that combines aspects of NASD's legacy GIA fee structure with the prior rate structure of NYSE Regulation's Gross FOCUS Fee (GFF). The amendments also made technical changes to Schedule A of the FINRA By-Laws.

Questions concerning this Notice should be directed to Finance, at (240) 386-5397; or the Office of General Counsel, at (202) 728-8071.

1 See Securities Exchange Act Release No. 57474 (March 11, 2008), 73 FR 14517 (March 18, 2008) (Order Approving SR-FINRA-2008-001).