On August 1, 2011, the Financial Industry Regulatory Authority (“FINRA”) withdrew its proposed rule change that would have required new point-of-sale disclosures regarding cash compensation, including revenue sharing payments, paid to broker-dealers in connection with the distribution and sale of investment company securities. As proposed, the change would have replaced existing NASD Rule 2830 with FINRA Rule 2341. FINRA has not publicly announced the reason for its withdrawal of the proposed rule, and it is possible that FINRA could seek approval of this rule or a similar rule in the future. Our prior coverage of the proposed rule change can be found here.