Rulemaking Items for Discussion at the April 2015 Meeting

The FINRA Board of Governors will consider the following rulemaking items at its April 2015 meeting. After the meeting, FINRA will notify firms via email about the Board's actions on these items and anticipated next steps, if any. 

Communications with the Public
The Board will consider proposed amendments to Rules 2210 (Communications with the Public) and 2214 (Requirements for the Use of Investment Analysis Tools) to revise the filing requirements pertaining to retail communications and Rule 2213 (Requirements for the Use of Bond Mutual Fund Volatility Ratings) to refine the scope of the disclosures required. The proposed changes stem from the retrospective rule review process FINRA initiated in 2014, and are intended to better align the investor protection benefits and the economic impacts.

Mark-up/Mark-down Rule Application to US Treasury Securities
The Board will consider a proposed amendment to Rule 0150 (Application of Rules to Exempted Securities Except Municipal Securities) to extend the rule governing mark-ups and mark-downs to transactions in U.S. Treasury securities.

Municipal Advisor Exam Fee
The Board will consider establishing a delivery and administration fee for the Municipal Advisor Representative Examination (the Series 50 examination), which is sponsored by the MSRB. 

Trading Activity Fee
The Board will consider proposed amendments to the Trading Activity Fee for firms with no customers that are engaged solely in proprietary trading activity for their own accounts.