FINRA Is Open

SR-FINRA-2023-014

Rule Filing Status:  Filed for Immediate Effectiveness

Rule change to adopt (1) FINRA IM-1013-3 and (2) FINRA Interpretive Material Section 4(e) of Schedule A to the FINRA By-Laws (“IM-Section 4(e)”) to establish a short-form membership application process for firms that must become FINRA members due to the amendments to Exchange Act Rule 15b9-1 and partial waiver of the new membership application fee to those firms that are eligible to apply for FINRA membership pursuant to this short-form membership application process.

Regulatory Notice 23-18

Summary

FINRA’s Renewal Program supports the collection and disbursement of fees related to the renewal of broker-dealer (BD) and investment adviser (IA) registrations, exempt reporting and notice filings with participating self-regulatory organizations (SRO) and jurisdictions. FINRA communicates information about renewal fees BD and IA firms owe via a Preliminary Statement in November and publishes a Final Statement in January to confirm or reconcile the actual renewal fees BD and IA firms owe after Jan. 1, 2024.

Regulatory Notice 23-17

Summary

FINRA is issuing this Notice to inform members that it is discontinuing collection of data under Rule 4540. The data collected under Rule 4540 is used in the Integrated National Surveillance and Information Technology Enhancements program (INSITE). The decision to discontinue the collection of data under Rule 4540 at this time is based on the availability of alternative sources of data that were not available when INSITE was developed and that have enhanced FINRA’s ability to assess risk.

Quantum Computing Has Potential to Reshape Securities Industry, New FINRA Report Says

Report Brings Attention to Opportunities and Risks Presented by the Technology

WASHINGTON— FINRA released today a new report, Quantum Computing and the Implications for the Securities Industry. While practical quantum computing remains nascent, the research examines how the emerging technology that relies on quantum mechanics to perform complex calculations could significantly alter the securities industry in the future.

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