Regulatory Notice 14-06

FINRA Announces Updates of the Interpretations of Financial and Operational Rules

Executive Summary

FINRA is making updates to the imbedded text of the Securities Exchange Act (SEA) financial responsibility and reporting rules in the Interpretations of Financial and Operational Rules to reflect the effectiveness of rule amendments the SEC recently adopted. The updated text relates to SEA Rules 15c3-1, 15c3-1a, 15c3-2, 15c3-3, 17a-5 and 17a-11. FINRA is also making available related updates of the Interpretations of Financial and Operational Rules that have been communicated to FINRA staff by the staff of the SEC’s Division of Trading and Markets (SEC staff). The updated interpretations relate to SEA Rule 15c3-1.

 

Questions concerning this Notice should be directed to:

 

  • Yui Chan, Managing Director, Risk Oversight and Operational Regulation (ROOR), at (646) 315-8426; or
  • Susan DeMando Scott, Associate Vice President, ROOR, at (240) 386-4620.