Regulatory Notice 15-07

SEC Approves Consolidated FINRA Rules 2040 (Payments to Unregistered Persons) and 0190 (Effective Date of Revocation, Cancellation, Expulsion, Suspension or Resignation), and Amendments to FINRA Rule 8311 (Effect of a Suspension, Revocation, Cancellation, or Bar)

Effective Date: August 24, 2015

The SEC approved FINRA’s rule change to adopt rules relating to payments to unregistered persons for the consolidated FINRA rulebook, FINRA Rules 2040 (Payments to Unregistered Persons) and 0190 (Effective Date of Revocation, Cancellation, Expulsion, or Resignation). The new rules replace provisions of the NASD and NYSE rules and include new provisions. FINRA also has amended FINRA Rule 8311 (Effect of a Suspension, Revocation, Cancellation, or Bar). The new rules and amendments become effective on August 24, 2015.

The text of the amendments is available at www.finra.org/notices/15-07.

Questions concerning this Notice should be directed to Kosha K. Dalal, Associate Vice President and Associate General Counsel, Office of General Counsel, at (202) 728-6903.