Regulatory Notice 15-49

SEC Approves Changes to Reduce the Waiting Period for the Release of Information Reported on Form U5 Through BrokerCheck

Effective Date: December 12, 2015

Executive Summary

The SEC approved a change to FINRA Rule 8312 (FINRA BrokerCheck Disclosure) to reduce the waiting period from 15 days to three business days for the release of certain information reported on the Form U5 (Uniform Termination Notice for Securities Industry Registration) through BrokerCheck. The effective date is December 12, 2015.

The text of the rule amendment is set forth in Attachment A.

Questions concerning this Notice should be directed to FINRA’s Gateway Call Center at (301) 590-6500.