Regulatory Notice 16-22

SEC Approves Consolidated FINRA Rule 3210 (Accounts At Other Broker-Dealers and Financial Institutions)

Effective Date: April 3, 2017

Executive Summary

The SEC has approved FINRA’s proposed rule change to adopt a new, consolidated rule governing accounts opened or established by associated persons at firms other than the firm at which they are employed. The new rule—FINRA Rule 3210 (Accounts At Other Broker-Dealers and Financial Institutions)—helps facilitate effective oversight of such accounts. New FINRA Rule 3210 replaces NASD Rule 3050, Incorporated NYSE Rules 407 and 407A and Incorporated NYSE Rule Interpretations 407/01 and 407/02.

The text of new FINRA Rule 3210 is available in Attachment A.

The rule change takes effect on April 3, 2017.

Questions regarding this Notice should be directed to Adam Arkel, Associate General Counsel, Office of General Counsel, at (202) 728-6961.