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Guidance
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Upcoming Deadlines and Effective Dates
- FINRA Requests for Comment
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Education and Compliance Programs |
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Tune in to the latest episode of the FINRA Unscripted podcast. On this episode, we are joined by Amy Sochard, Vice President of FINRA’s Advertising Regulation program, and Lisa Fair and Saugata Chakraborty of FINRA’s Technology team, to hear about the collaborative effort to build a tool to apply advanced analytics and machine learning to the review of firm advertising and public communications materials. Listen to the podcast.
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Simplified Login for FINRA Systems. Starting May 8, 2021, FINRA will provide a simpler, more consistent login experience across various applications and platforms, including FinPro, FINRA Gateway and the Dispute Resolution Portal. In the new interface, the User ID and Password are entered on the same screen, instead of two successive screens. SEC and FINRA users will log in via a Single Sign-On tab, and then enter only their email address to log in. Existing credentials will continue to work in the new interface. The system will remember credentials for 30 days before asking users to answer a security question. The change affects only the login process and does not affect the applications and platforms themselves.
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View the agenda for the 2021 FINRA Annual Conference. Join us virtually on May 18-20 as practitioners, peers and regulators exchange ideas on timely compliance and regulatory topics including FINRA’s Examination and Risk Monitoring Program, Compliance Challenges in a Remote Working World, Regulation Best Interest and Form CRS, and more!
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Guidance
FINRA Publishes Mapping Guidance for Rule 1017(a)(7)
As noted in Regulatory Notice 21-09, FINRA has published guidance to help member firms determine whether a continuing membership application (Form CMA) or materiality consultation is required to be submitted to FINRA to comply with Rule 1017(a)(7) by mapping the disclosure events relevant for the rule to the Uniform Registration Forms.
UPC Advisory
The following UPC Advisory was published in the last week:
- UPC #22-21: Aberdeen Income Credit Strategies Fund Series A Preferred Shares (When Issued) (OTC Symbol: ACPPV)
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Upcoming Deadlines and Effective Dates
FINRA Requests for Comment
FINRA seeks comment on proposed amendments to Rule 4210 (Margin Requirements) that would clarify and incorporate into the rule current interpretations regarding when issued and other extended settlement transactions, and provide relief to facilitate the application of the rule to these transactions. See Regulatory Notice 21-11 for the proposed rule text and additional information. The comment period expires May 14, 2021.
FINRA seeks comment on any aspects of our rules, operations and administrative processes that may create unintended barriers to greater diversity and inclusion in the broker-dealer industry or that might have unintended disparate impacts on those within the industry. See Regulatory Notice 21-17 for additional information. The comment period expires June 28, 2021.
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Education and Compliance Programs
Register today for the 2021 Virtual Technology Conference on June 23. This conference showcases the latest technology offerings to our member firms. Technology is transforming the Financial Services industry and FINRA is dedicated to supplying our members with innovative technology designed to protect investors and ensure market integrity.
Register for the Diversified and Carrying & Clearing Member Forum on July 13. Firm Grouping Member Forums are free one-day events designed to provide financial professionals associated with FINRA member firms the opportunity to engage in key discussions with FINRA staff and connect with industry leaders and peers. The forums also include thoughtful discussions around the future landscape of the financial services industry and provide opportunities to meet one-on-one with FINRA Risk Monitoring Analysts, Directors, and Single Points of Accountability to discuss firm-specific questions.
Register for these upcoming FINRA events:
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