Regulatory Notice 10-01

Proposed Consolidated FINRA Rules Governing FINRA’s Membership Application Proceedings

Comment Period Expired: March 5, 2010

As part of the process of developing a new, consolidated rulebook (the Consolidated FINRA Rulebook), FINRA is requesting comment on proposals relating to FINRA's membership rules. These rules, which were adopted in August 1997, provide a means for FINRA, through its Membership Application Process (MAP), to know and assess the proposed business activities of its potential and current member firms. The proposed amendments revise certain provisions of the existing membership rules to streamline the standards of review for new and continuing membership applications, clarify certain administrative aspects of the MAP process, update or eliminate outdated terminology and require certain additional information (including certain affiliate information) about the applicant and incorporate certain provisions from the Incorporated NYSE membership rules.

The text of the proposed rules is set forth in Attachment A on our Web site at

Questions regarding this Notice should be directed to:

  • Steve Kasprzak, Associate Director & Principal Counsel, Sales Practice Policy, Member Regulation, at (646) 315-8505; or
  • Ann-Marie Mason, Counsel, Sales Practice Policy, Member Regulation, at (202) 728-8231.

Related Documents: 

DateTitleFormat - Size
Regulatory Notice 10-01 - Attachment APDF - 205.14 KB
The views, expressions, findings and opinions expressed in the comments on this Web page are solely those of the author(s) and FINRA accepts no responsibility for the content of the comments: 
DateCommenterFormat - Size
3/4/2010Cornell Law SchoolPDF - 878.73 KB
3/4/2010Carter Ledyard & Milburn LLPPDF - 572.67 KB
3/3/2010NPB Financial Group, LLCPDF - 34.73 KB
3/5/2010Lehman & Eilen LLPPDF - 684.6 KB
3/5/2010IMSPDF - 32.73 KB
3/5/2010Sutherland Asbill & Brennan LLPPDF - 103.73 KB
3/5/2010Financial Services InstitutePDF - 70.76 KB
3/5/2010ACIPDF - 84.38 KB
3/10/2010SIFMAPDF - 64.53 KB