Modernizing Oversight
We are reviewing, updating and enhancing FINRA rules, guidance and processes to modernize requirements, facilitate innovation and eliminate unnecessary burdens.
Facilitating E-Delivery While Preserving Investor Choice
Robert Cook, President and CEO, FINRA
As part of FINRA Forward’s rule modernization initiative, FINRA’s Board recently approved updates to FINRA’s requirements for how broker-dealers deliver investor notices, disclosures, and other communications that are mandated by FINRA rules. Once effective, these updates would permit member firms to make e-delivery their default delivery method, while preserving the ability of investors to choose paper delivery.
For more background and information read: FINRA Forward’s Rule Modernization—An Update.
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 This includes updating or eliminating outdated requirements while preserving investor protections and streamlining compliance obligations where appropriate.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.