Rulemaking Items for Discussion at the December 2014 Meeting

The FINRA Board of Governors will consider the following rulemaking items at its December 2014 meeting. After the December 4 meeting, FINRA will notify firms via email about the Board's actions on these items and anticipated next steps, if any.

TRACE: Public Dissemination of Additional Securitized Products and Reduced Reporting Timeframe
The Board will consider proposed amendments to TRACE rules to provide for dissemination of additional securitized products and to reduce the timeframe for reporting such securities.

TRACE: Indicator When Report Does Not Reflect a Commission, Mark-Up/Down or Other Fee
The Board will consider proposed amendments to TRACE rules to require member firms to append an indicator to trade reports that do not reflect a commission, mark-up/down or other fee.

Arbitration Hearing Cancellation Fees
The Board will consider amendments to Rules 12601 and 13601 of the Codes of Arbitration Procedure to increase late cancellation fees, which are assessed against the parties when they postpone or cancel a hearing at the last minute.

Qualification Exam Fees
The Board will consider modest fee increases for both FINRA and client-sponsored qualification examinations.