The FINRA Board of Governors will consider the following rulemaking items at its April 2013 meeting.
The Risk Control Assessment (RCA) survey is an important component of FINRA’s risk-based exam program—the goal of which is to have our examiners better prepared when they arrive at firms and more focused on those areas that present a real risk to investors or the marketplace.
FINRA’s trade reporting facility for fixed income celebrated its tenth year of existence in July 2012. During this 10-year span, an average of 500 dealers reported at least one transaction per day, and par value traded increased from a low of $19 billion a day in 2005 to over $23 billion today, surpassing the $21 billion per day seen at the onset in 2002 and 2003.
Rulemaking topics discussed include:
corporate financing,
margin requirements for security-based equity swaps,
membership rules, and
private placement filings.
The FINRA Board of Governors will consider the following rulemaking items at its February 2013 meeting.
CORP: Non-Convertible Corporate Bonds
CONV: Convertible Corporate Bonds
CHRC: Church Bonds
ELN: Equity Linked Notes
AGCY: Agency Debentures
ABS: Asset Backed Securities
CMO: Agency and Non-Agency Collateralized Mortgage Obligations (CMO's) / Real Estate Mortgage Investment Conduits (REMIC's)
MBS: Agency Pass-Through Mortgage Backed Securities Traded in Specified Pool Transactions
TBA:
Cover Letter from FINRA Chairman and CEO, Rick Ketchum
January 11, 2013
Today, FINRA published its eighth annual
2013 Regulatory and Examination Priorities Letter
to highlight the key issues that are significant to our regulatory programs. This letter is an important part of our work to support your efforts to regularly update your compliance capability. It is my
Rulemaking topics discussed include:
conflicts of interest relating to recruitment compensation practices,
equity trade reporting requirements,
expungement for unnamed persons in arbitration claims,
FOCUS report supplementary schedule,
Interim Form for Funding Portals Under the JOBS Act, and
wash sales.
The FINRA Board of Governors will consider the following rulemaking items at its December 2012 meeting.
