Guidance
• Regulatory Notices
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Education and Compliance Programs
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Tune in to the latest episode of the FINRA Unscripted podcast. On this episode, we sit down with the head of the FINRA Investor Education Foundation to discuss the recent survey and its findings, while also providing tips and resources to help make money a little less spooky. Listen to the podcast.
| | Guidance Per Regulatory Notice 23-18, 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.
Beginning Nov. 6, 2023, Preliminary Statements are available for viewing and printing in E-Bill. FINRA must receive full payment of the preliminary statement fees by Dec. 11, 2023. If payment is not received by Dec. 11, 2023, FINRA will assess FINRA-registered firms a late fee.
FINRA to Discontinue Collection of INSITE Data From Clearing Firms
FINRA’s Regulatory Notice 23-17 has informed members that FINRA is discontinuing collection of data under Rule 4540, effective November 30, 2023. The data collected under Rule 4540 has been used in the Integrated National Surveillance and Information Technology Enhancements program (INSITE). The decision to discontinue the collection of this data is based on the availability of alternative sources that were not available when INSITE was developed and that have enhanced FINRA’s ability to assess risk. Questions should be directed to: Demetrios (J) Koutros, Vice President, Member Supervision Operations, Procedures and Standards, at (646) 315-8509 or [email protected].
Additional Note: Two related Reports based on INSITE data will also be retired from the FINRA Report Center, effective November 30, 2023: Customer Debits, and Canceled and As-Of and Trades. Past reports will remain available for three years.
Per Regulatory Notice 23-16, FINRA has amended its By-Laws to exempt from the Trading Activity Fee (TAF) any transaction by a proprietary trading firm that occurs on an exchange of which the proprietary trading firm is a member.
FINRA published two Election Notices announcing the SFAC and Regional Elections and mailing of ballots. More information on the Notice of SFAC Election and Mailing of Ballots, including ballot information, can be found here. The Notice of FINRA Regional Committee Elections and Mailing of Ballots and its corresponding election vacancy information can be found here. Both ballots are due by Wednesday, November 22, 2023.
| | Education and Compliance Programs Registration is now open for FINRA’s Firm Grouping Webinars taking place on November 7-8. These four webinars are free, 75-minute sessions that highlight key topics that were discussed during the 2023 FINRA Firm Grouping Conference, provide updates on top compliance considerations that are tailored to each firm grouping and offer opportunities for participants to ask questions to FINRA leaders. Sign up today.
Registration is now open for FINRA’s Compliance Workshops focusing on cybersecurity taking place virtually on November 30 and December 6 from 2 p.m. – 4 p.m. ET. Join us on November 30 for a virtual Workshop focusing on Vendor Risk Management, or on December 6 for a virtual Workshop focused on Incident Management. These new virtual Compliance Workshops are designed to provide industry practitioners the opportunity to learn from and engage with FINRA staff and subject matter experts and peers in a small group setting. Space is limited and registration is open to FINRA member firms only.
On November 7, 2023 at 4:15 p.m. Eastern Time, FINRA CAT, LLC will host a second Industry Webinar focused on CAT Billing. This CAT Billing Webinar will provide a demonstration of the CAT Reporter Portal and how to access CAT Billing documents, including CAT invoices. This webinar will also provide additional information on underlying trade details in relation to the CAT Reporter billing process and an overview of the CAT Contact Management System.
Please contact the FINRA CAT Helpdesk at [email protected] or (888) 696-3348 with any questions or concerns related to this email.
Join us in New York or online on February 6 for the 2024 Cybersecurity Conference, designed to help you stay current on today’s cybersecurity challenges and the ways in which organizations can understand threats and create resilience against cyber-attacks. Register today!
Register now and save—join us at FINRA’s premier event, the 2024 Annual Conference, to connect and network with industry peers, engage in informal conversations with FINRA senior leaders and exchange diverse perspectives on the timeliest compliance and regulatory topics.
Register for all of FINRA’s upcoming events: |
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