Regulatory Notice 08-61

Proposed Amendments to Qualification Examination Fees in Section 4(c) of Schedule A to the FINRA By-Laws; Proposed Implementation Date: January 2, 20091

Executive Summary

FINRA has filed with the SEC a rule change proposing to increase certain qualification examination fees to reflect the rising costs of developing, administering and delivering such examinations.2 Pending SEC approval of the amendments to Section 4(c) of Schedule A to the FINRA By-Laws, the new fees will become effective on January 2, 2009. FINRA is issuing this Notice to alert member firms about this proposed fee change to assist in firms’ budget planning processes. The text of Section 4(c) of Schedule A to the FINRA By-Laws,3 as amended, is set forth in Attachment A of this Notice.

 

Questions concerning this Notice should be directed to John C. Kalohn, Associate Vice President, Testing and Continuing Education Department, at (240) 386-5800.

 

 

1 Pending approval by the Securities and Exchange Commission (SEC).

2 See SR-FINRA-2008-053.

3 Schedule A sets forth examination fees for those examinations that are sponsored or co-sponsored by FINRA and/or that may be required by FINRA for its members.