Regulatory Notice 11-35

FINRA Modifies the Process for Firms to Designate Their Allocation Methodology for Options Exercise Assignment Notices

Effective Date: August 8, 2011

FINRA is updating the procedures for firms to designate their method of allocating options exercise assignment notices. Effective August 8, 2011, firms initiating an options business, or changing their allocation method, must use the application form in Attachment A of this Notice. FINRA also has updated the designated random selection allocation procedures, which are described in Attachment B.

Questions concerning this Notice should be directed to:

  • Max Tourtelot, Director, Options Regulation, at (917) 281-3133;
  • Casey McMahon, Associate Director, Options Regulation, at  (917) 281-3042.