Regulatory Notice 10-35

SEC Approval and Effective Date for New Consolidated FINRA Rule
Effective Date: October 15, 2010

Executive Summary

Following the consolidation of NASD and the member regulation, enforcement and arbitration functions of NYSE Regulation into FINRA, FINRA established a process to develop a new consolidated rulebook (Consolidated FINRA Rulebook), which FINRA has discussed in previous Information Notices. FINRA is proposing new consolidated rules in phases for approval by the Securities and Exchange Commission (SEC) as part of the Consolidated FINRA Rulebook. In June and July, the SEC approved five new consolidated FINRA Rules. This Regulatory Notice specifically addresses the approval and effective date of new FINRA Rule 4320 (Short Sale Delivery Requirements).

 

Text of new FINRA Rule 4320 is available in the online FINRA Manual.

 

Questions regarding this Notice should be directed to Racquel Russell, Assistant General Counsel, Office of General Counsel, at (202) 728-8363.