Regulatory Notice 10-56

SEC Approves Amendments to the Trading Activity Fee and FINRA Announces Publication of Frequently Asked Questions

 

Effective Date: November 1, 2010

Executive Summary

Effective November 1, 2010, FINRA is removing the exemption from the Trading Activity Fee (TAF) for transactions in exchange-listed options effected by a member firm when FINRA is not the designated options examining authority for that firm. Because FINRA now has sole regulatory responsibility for the public options activities of all of its member firms, the exemption is no longer necessary. FINRA is also issuing this Notice to announce publication on its website of Trading Activity Fee Frequently Asked Questions (FAQ), which provides guidance for firms on the assessment of the TAF. The TAF FAQ can be found at www.finra.org/taf/faq.

 

Questions concerning this Notice should be directed to:

  • FINRA Finance, at (240) 386-5397; or 
  • The Office of General Counsel, at (202) 728-8071.

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