Modernizing Oversight
We are reviewing, updating and enhancing FINRA rules, guidance and processes to modernize requirements, facilitate innovation and eliminate unnecessary burdens.
A Progress Update on Rule Modernization
Robert Colby, Chief Legal Officer, FINRA
Rulemaking is more like Formula 1 than drag racing. F1 drivers must continually adjust their speed on the circuit, slowing down on curves and accelerating on the all-too-rare straightaways. All the while, they look ahead to anticipate obstacles and react to other drivers.
Key Areas of Modernization
Rule Modernization
We are systematically reviewing our rules and guidance to ensure they remain relevant and effective. This includes updating or eliminating outdated requirements while preserving investor protections and streamlining compliance obligations where appropriate.
Regulatory Coordination and Harmonization
We are working with other regulators to reduce duplicative requirements by aligning regulatory approaches across different market segments and creating more consistent standards where appropriate.
Engagement with Industry and Other Stakeholders
We are soliciting feedback through comment letters, roundtables and committee meetings, and maintaining regular dialogue with member firms about regulatory challenges.
FINRA Forward in Action