Proposed Rule Change Relating to the Implementation Date for Amendments to the Trading Activity Fee Rate for Transactions in Covered Equity Securities.

Financial Industry Regulatory Authority, Inc. (“FINRA”) is filing with the Securities and Exchange Commission (“Commission”) a proposed rule change to delay the implementation date of amendments to the Trading Activity Fee (“TAF”) in SR-FINRA-2011-071 approved by the Commission on January 30, 2012.   The proposed rule change does not make any changes to the text of FINRA rules.