FINRA Announces Update of the Interpretations of Financial and Operational Rules
SEC Financial Responsibility Rules
Open Contractual Commitments
Referenced Rules & Notices
Regulatory Notice 08-56
Regulatory Notice 13-44
Regulatory Notice 14-06
Regulatory Notice 14-12
Regulatory Notice 14-25
Regulatory Notice 14-38
Regulatory Notice 15-25
Regulatory Notice 18-03
Regulatory Notice 18-42
SEA Rule 15c3-1
FINRA is making available an update to the Interpretations of Financial and Operational Rules that the staff of the SEC's Division of Trading and Markets (SEC staff) has communicated to FINRA staff. The update relates to Securities Exchange Act (SEA) Rule 15c3-1(c)(2)(viii) (Open Contractual Commitments).
Questions concerning this Notice should be directed to:
Background & Discussion
FINRA is updating the Interpretations of Financial and Operational Rules to add the following new interpretation:
This interpretation update is available in portable digital format (PDF) on FINRA's Interpretations of Financial and Operational Rules [http://www.finra.org/industry/interpretationsfor] page.
Further, SEC staff continues to communicate and issue written and oral interpretations of the financial responsibility and reporting rules. FINRA has previously updated the Interpretations of Financial and Operational Rules on its website in Regulatory Notices 08-56, 13-44, 14-06, 14-12, 14-25, 14-38, 15-25, 18-03 and 18-42.
FINRA member firms and others that maintain a hardcopy version of the Interpretations of Financial and Operational Rules may replace the existing page in their hardcopy version by printing the accompanying updated page. The filing instruction for the new page is as follows:
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