Regulatory Notice 13-10

SEC Approves Supplemental Schedule for Derivatives and Other Off-Balance Sheet Items

 

Implementation Date: The initial supplemental schedule disclosing off-balance sheet information as of June 30, 2013, must be filed with FINRA on or before July 31, 2013.

Executive Summary

FINRA Rule 4524 (Supplemental FOCUS Information) requires each firm, as FINRA shall designate, to file additional financial or operational schedules or reports. The SEC has approved the adoption of a supplemental schedule for derivatives and other off-balance sheet items (OBS) that applies to carrying or clearing firms. The initial OBS disclosing a carrying or clearing firm’s off balance sheet information as of June 30, 2013, must be filed with FINRA on or before July 31, 2013.

 

The OBS can be found at www.finra.org/notices/13-10.

 

Questions concerning this Notice should be directed to:

 

  • Kris Dailey, Vice President, Risk Oversight & Operational Regulation (ROOR), at (646) 315-8434;
  • Marshall Levinson, Vice President, ROOR, at (646) 315-8453; or
  • Matthew E. Vitek, Assistant General Counsel, Office of General Counsel, at (202) 728-8156.

 

The OBS has been updated to reflect a technical change requiring reporting in thousands. Use the updated version and its corresponding instructions when submitting the OBS through the eFOCUS platform.