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Upcoming Deadlines and Effective Dates
- FINRA Elections
- FINRA Requests for Comment
- SEC Request for Comment
- Treasury Department Request for Information
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Education and Compliance Programs
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In the latest episode of FINRA Unscripted, Greg Ruppert, Executive Vice President of Member Supervision, Stephanie Dumont, Executive Vice President of Market Regulation and Transparency Services, and Jessica Hopper, Executive Vice President of Enforcement, talk about how they are working together to increase coordination and to ensure integrated oversight, to be able to better anticipate and address risks. Listen to the podcast.
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FINRA announced two new elections to fill open seats on the FINRA Regional Committees and the Small Firm Advisory Committee. Individuals interested in becoming candidates for these elections must submit a candidate profile form to FINRA’s Corporate Secretary by Thursday, October 6, 2022.
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Upcoming Deadlines and Effective Dates
FINRA Elections
FINRA announced an upcoming election to fill one small firm seat on the National Adjudicatory Council (NAC). Eligible individuals who obtain the requisite number of valid petitions may be included as candidates on the ballot by following the petition procedures described in Election Notice 08/22/22. Petitions for candidacy are due October 6, 2022.
FINRA is holding a special meeting of large firm members on or about October 31, 2022, to elect one individual to fill a vacant Large Firm Governor seat on the FINRA Board of Governors. Election Notice 08/09/22 announces the FINRA Nominating & Governance Committee nominee—Penny Pennington, Managing Partner at Edward Jones—and informs individuals of the procedures for being included as a petition candidate on the ballot.
FINRA Requests for Comment
FINRA is soliciting comment on a proposal to establish a new trade reporting requirement for transactions in over-the-counter options on securities with terms that are identical or substantially similar to listed options. FINRA is proposing to require firms to report this information to FINRA on a daily basis (end-of-day) for regulatory purposes only. Comments are due September 20, 2022. See Regulatory Notice 22-14.
FINRA is soliciting comment on a proposal to amend Rule 6730 to reduce the Trade Reporting and Compliance Engine (TRACE) trade reporting timeframe for transactions in all TRACE-Eligible Securities that currently are subject to a 15-minute reporting timeframe. Members would be required to submit a report to TRACE as soon as practicable (as is currently the case), but no later than one minute from the time of execution, for transactions in corporate bonds, agency debt securities, asset-backed securities and agency pass-through mortgage-backed securities traded to-be-announced for good delivery. Comments are due October 3, 2022. See Regulatory Notice 22-17 for more information.
SEC Request for Comment
The SEC requests comment on FINRA’s proposal to amend FINRA Rule 11880 (Settlement of Syndicate Accounts) to revise the syndicate account settlement timeframe for corporate debt offerings. Comments are due September 8, 2022. See the Federal Register notice.
Treasury Department Notice and Request for Information
The U.S. Department of the Treasury has issued a Request for Information seeking comment on additional post-trade transparency for data regarding secondary market transactions in U.S. Treasury Securities, including the potential benefits and risks of several potential ways to build on existing public transparency. See the Notice Seeking Public Comment. Comments are due 60 days after the date of publication of the Notice in the Federal Register.
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Education and Compliance Programs
FINRA is offering five scholarships to industry professionals from small firms to attend the FINRA Institute at Georgetown Certified Regulatory and Compliance Professional (CRCP)® program. The scholarship covers full tuition for the entire CRCP program, including room and board. The Small Firm Scholarship application period is now open through September 16, 2022. For more information, including eligibility requirements, the selection process and our new application form, please visit our Small Firm Scholarship web page.
View the agenda for the FINRA Advertising Regulation Conference. Join us in Washington, DC, on October 20-21, 2022, for a conference designed specifically for new and experienced communications compliance professionals. Participate in forward-looking discussions on current practices, policies, priorities and rulemaking. Plus, use this opportunity to network with industry peers and meet one-on-one with Advertising Regulation Department staff during office hours.
Register today for the 2022 Small Firm Conference. Join us in Santa Monica, CA, or participate virtually on November 9-10, for the opportunity to discuss small firm topics, share insights and effective practices, and hear detailed exchanges on industry and regulatory updates.
Register for our new Firm Grouping Conference on December 1, 2022, in Kissimmee, FL. This event is designed to provide financial professionals associated with FINRA member firms the opportunity to engage in conference panels tailored to their specific firm grouping. Join FINRA staff and industry peers for thoughtful discussions around the future landscape of the financial services industry.
Week II of the 2022 FINRA Institute at Georgetown CRCP® Program has reached capacity. Register to join the waitlist for Week II, held November 13-18, in Washington, D.C. View the detailed schedule for a look at what sessions are being held and the participating faculty.
Thinking ahead and want to reserve your spot for next year? Registration for 2023 Week I is now open.
Register for all of FINRA’s upcoming events:
- FINRA Registration Systems Foundation Training
- Wednesday, October 5 and Thursday, October 6 | noon-5 p.m. ET | Virtual Waitlist Available
- Wednesday, November 9 and Thursday, November 10 | noon-5 p.m. ET | Virtual Waitlist Available
- FINRA Institute at Georgetown Certified Regulatory and Compliance Professional® Program
- Week II | November 13 – 18, 2022 | Washington, DC | Waitlist Available
- Advertising Regulation Conference | October 20 – 21, 2022 | Washington, DC and Virtual
- Small Firm Conference | November 9 – 10, 2022 | Santa Monica, CA and Virtual
- Firm Grouping Conference | December 1, 2022 | Kissimmee, FL and Virtual
- 2023 Annual Conference | May 16-18, 2023 | Washington, DC
- FINRA Institute at Georgetown Certified Regulatory and Compliance Professional® Program
- Week I | July 16 – 21, 2023 | Washington, DC
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