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Upcoming Board Meeting

From:

Robert W. Cook, FINRA President and CEO

To:

FINRA Member Firms

Date:

Monday, December 2, 2019

This week, FINRA’s Board of Governors will convene in New York for our final meeting of 2019. Throughout the two days, the Board will review two rulemaking proposals and receive updates on multiple operational initiatives—including the transformation of FINRA’s examination and risk-monitoring program, and FINRA CAT’s role as the plan processor for the Consolidated Audit Trail (CAT). In addition, as is customary at our December meeting, the Board will devote a portion of the agenda to discussing FINRA’s finances and other long-term planning.

  • The Regulatory Policy Committee will review two proposals:
    • proposed rule changes related to firms with a significant history of misconduct; and
    • amendments to FINRA's suitability and non-cash compensation rules to align with SEC Regulation Best Interest.
  • The Regulatory Operations Oversight Committee will receive an update from FINRA’s Market Regulation and Enforcement departments, and an update regarding the SEC’s Office of Compliance Inspections and Examinations’ (OCIE’s) oversight of FINRA.
  • The Finance, Operations and Technology Committee will review proposed amendments to the Codes of Arbitration Procedures to increase certain arbitration fees, conduct its annual review of FINRA’s Financial Guiding Principles, and discuss FINRA’s proposed 2020 budget and long-term financial planning.
  • The Nominating and Governance Committee will receive an update on FINRA’s elections, and will appoint several members to the National Adjudicatory Council, the Small Firm Advisory Committee and Regional Committees.

For more information regarding the Board’s operations, including the membership and responsibilities of its committees, please see www.finra.org/governance. I look forward to updating you about these discussions shortly after the meeting.


Sincerely,


Robert W. Cook
President and CEO