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FINRA Provides New Reg BI and Form CRS Resources

October 9, 2019
Volume 41

 
 
upcoming

Upcoming Deadlines and Effective Dates
  • FINRA Request for Comment
education

Education and Compliance Programs
 

FINRA’s Board of Governors met on September 24–26 at FINRA’s offices in New York, where it approved six rule proposals and received several operational updates from FINRA staff. FINRA President and CEO Robert Cook and members of the FINRA Board of Governors provided updates from the meeting in a video report.


Dynamic Reporting is here. A new dynamic reporting feature became available in the new CRD on October 5. This functionality allows entitled users to view, customize and generate reports with firm data. To learn more about this and other features in the new CRD system, visit the Be in the Know page.




FINRA provides new Reg BI and Form CRS resources to assist member firms in complying with SEC rules by June 30, 2020. FINRA is providing a Reg BI and Form CRS Checklist to help members assess and implement necessary changes to their policies, procedures and compliance programs in light of Reg BI and Form CRS. This checklist outlines the major requirements of the rules and notes key differences between FINRA rules and SEC's Reg BI and Form CRS.
 


The FINRA Investor Education Foundation awarded Dr. Olivia S. Mitchell the 2019 Ketchum Prize for outstanding service and research to advance investor protection and financial capability in the U.S. Dr. Mitchell was recognized for her extraordinary research on pensions and retirement income and her efforts worldwide to advance financial literacy.
 

 Upcoming Deadlines and Effective Dates

FINRA Request for Comment

FINRA and the other participants of the Consolidated Quotation (CQ) Plan and the Nasdaq Unlisted Trading Privileges (UTP) Plan have issued a proposal for adding odd lot quotation information to the Securities Information Processor or “SIP” data feeds. The Plan participants are actively seeking input on the proposal, which is available on both the CTA website and UTP website. Comments are due by November 15, 2019.
 

 Education and Compliance Programs

Register today to attend FINRA’s Senior Investor Protection Conference on November 12 in Washington, D.C. This one-day event is dedicated to sharing the most up-to-date regulatory information, effective strategies and solutions for protecting senior investors and vulnerable adults.


FINRA is hosting a Half-Day Compliance Boot Camp on October 17 in Jericho, NY and an AML Half-Day Seminar on November 14 in Boca Raton, FL. Register today to reserve your spot.


District compliance events are designed for compliance and legal professionals at FINRA member firms, and offer an opportunity to hear about current regulatory issues while engaging with District Office staff. Review the compliance calendar to see a complete list of events.


FINRA’s 2019 Regulation Best Interest Conference will be held on December 18 in Washington, D.C. This one-day event is designed to bring regulators, executives and industry practitioners together to learn more about the SEC’s Regulation Best Interest (Reg BI). FINRA is offering free registration to the first two attendees from each firm. Register today to reserve your spot.


Also coming up:

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