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IM-1011-1. Safe Harbor for Business Expansions

This interpretive material concerns the types of business expansions that will not require a member to submit a Rule 1017 application to obtain FINRA's approval of the expansion.

1011. Definitions

Unless otherwise provided, terms used in the Rule 1000 Series shall have the meaning as defined in Rule 0160.

(a) "Applicant"

The term "Applicant" means a person that applies for membership in FINRA under Rule 1013 or a member that files an application for approval of a change in ownership, control, or business operations und

1010. Electronic Filing Requirements for Uniform Forms

(a) Filing Requirement

Except as provided in Rule 1013(a)(2), all forms required to be filed by Article IV, Sections 1, 7, and 8, and Article V, Sections 2 and 3, of the FINRA By-Laws shall be filed through an electronic process or such other process FINRA may prescribe to the Central Registration Depository.

1000. MEMBER APPLICATION AND ASSOCIATED PERSON REGISTRATION

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1010. Electronic Filing Requirements for Uniform Forms

0190. Effective Date of Revocation, Cancellation, Expulsion, Suspension or Resignation

(a) A member shall be considered as a non-member of FINRA from the effective date of any order or notice from FINRA or the SEC issuing a revocation, cancellation, expulsion or suspension of its membership.

0180. Application of Rules to Security-Based Swaps

(a) The Rules shall not apply to members' activities and positions with respect to security-based swaps, except for the following:

(1) FINRA Rule 2010;

(2) FINRA Rule 2020;

(3) FINRA Rule 3310; and

(4) FINRA

0170. Delegation, Authority and Access

(a) The Financial Industry Regulatory Authority, Inc. delegates to its subsidiaries, FINRA Regulation, Inc. and FINRA CAT, LLC (hereinafter "Subsidiaries"), the authority to act on behalf of FINRA as set forth in a Plan of Allocation and Delegation adopted by the Board of Governors and approved by the SEC pursuant to its authority under the Exchange Act.

0160. Definitions

(a) The terms used in the Rules, if defined in the FINRA By-Laws, shall have the meaning as defined in the FINRA By-Laws, unless a term is defined differently in a Rule, or unless the context of the term within a Rule requires a different meaning.

(b) When used in the Rules, unless the context otherwise requires:

(1) "By-Laws"

The term "By-Laws" means the By-Laws of the Corporation or the FINRA By-Laws.

(2) "Code of Procedure"

0151. Coordination with the MSRB

(a) FINRA will request guidance from the MSRB in interpretation of the rules of the MSRB.

0150. Application of Rules to Exempted Securities Except Municipal Securities

(a) For purposes of this Rule, the terms "exempted securities" and "municipal securities" shall have the meanings specified in Sections 3(a)(12) and 3(a)(29) of the Exchange Act, respectively.

(b) The Rules are not intended to be, and shall not be construed as, rules concerning transactions in municipal securities.

(c) Unless otherwise indicated within a particular Rule, the following rules are applicable to transactions in, and business activities relating to, exempt

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