Proposed Rule Change Relating to FINRA Rule 4570 (Custodian of Books and Records)

Financial Industry Regulatory Authority, Inc. (“FINRA”) is filing with the Securities and Exchange Commission (“SEC” or “Commission”) a proposed rule change to amend FINRA Rule 4570 (Custodian of Books and Records) to: (1) provide a member that is filing a Form BDW (Uniform Request for Broker-Dealer Withdrawal) the option of designating another FINRA member as the custodian of its books and records on the form; (2) clarify the obligations of the designated custodian; and (3) require the designated custodian to consent to act in such a capacity.

TitleFormat - SizeStatus
Text of the Proposed Rule ChangePDF - 270.78 KB
Federal Register Notice PDF - 200.75 KB
Extension No. 1PDF - 194.51 KB
Notice of Designation of a Longer Period for Commission Action PDF - 199.49 KB
Approval OrderPDF - 231.27 KB