Resource Page for the SEC’s July 2013 Financial Responsibility Rule Amendments

In July, 2013, the SEC approved amendments to the financial responsibility and broker-dealer reporting rules. For the convenience of member firms, FINRA staff is compiling on this page key FINRA and SEC materials relating to the new amendments and their implementation.

SEC Rule Releases

SEC Exemptive Order

SEC No-Action Letters

SEC Division of Trading and Markets Staff FAQs

 

FINRA Regulatory Notices

Updates to the Interpretations of Financial and Operational Rules

The SEC staff communicates and issues oral and written interpretations to the financial responsibility and reporting rules, which FINRA publishes in the Interpretations of Financial and Operational Rules on the FINRA website. In connection with the adoption of the new amendments, FINRA has published the following Regulatory Notices announcing updates to the Interpretations of Financial and Operational Rules:

FINRA System Updates

FINRA updated the Regulatory Extension (REX) system to enable firms to file extension of time requests relating to new SEA Rule 15c3-3(d)(4) as adopted by the SEC in July 2013:

FINRA is making available a set of Frequently Asked Questions and a new template for members to comply with SEA Rule 17a-5(f)(2) (Statement Regarding Independent Public Accountant) as amended by the SEC in July 2013:

Other SEC Resources