Regulatory Notice 10-01
Proposed Consolidated FINRA Rules Governing FINRA’s Membership Application Proceedings; Comment Period Expired: March 5, 2010
As part of the process of developing a new, consolidated rulebook (the Consolidated FINRA Rulebook), FINRA is requesting comment on proposals relating to FINRA's membership rules. These rules, which were adopted in August 1997, provide a means for FINRA, through its Membership Application Process (MAP), to know and assess the proposed business activities of its potential and current member firms. The proposed amendments revise certain provisions of the existing membership rules to streamline the standards of review for new and continuing membership applications, clarify certain administrative aspects of the MAP process, update or eliminate outdated terminology and require certain additional information (including certain affiliate information) about the applicant and incorporate certain provisions from the Incorporated NYSE membership rules.
Questions regarding this Notice should be directed to:
|View Full Notice||PDF 179 KB|
The views, expressions, findings and opinions expressed in the comments on this Web page are solely those of the author(s) and FINRA accepts no responsibility for the content of the comments.
|Comments By||Date Received|
|NPB Financial Group, LLC (PDF 573 KB)||3/3/2010|
|Carter Ledyard & Milburn LLP (PDF 573 KB)||3/4/2010|
|Cornell Law School (PDF 879 KB)||3/4/2010|
|Financial Services Institute (PDF 71 KB)||3/5/2010|
|ACI (PDF 85 KB)||3/5/2010|
|Sutherland Asbill & Brennan LLP (PDF 104 KB)||3/5/2010|
|IMS (PDF 33 KB)||3/5/2010|
|Lehman & Eilen LLP (PDF 685 KB)||3/5/2010|
|SIFMA (PDF 65 KB)||3/10/2010|