On November 1st, the SEC provided notice of FINRA's filing of an amendment to its proposal regarding the adoption of new rules and interpretive materials concerning members' communications with the public. The proposed rule change would create a new FINRA Rule 2210 that would encompass, subject to certain changes, the provisions of current NASD Rules 2210 and 2211, NASD Interpretive Materials 2210-1 and 2210-4, and the provisions of Incorporated NYSE Rule 472 that do not pertain to research analysts and research reports. Each of the other Interpretive Materials that follow NASD Rule 2210 would receive its own FINRA rule number and would adopt the same communication categories used in FINRA Rule 2210. Proposed FINRA Rule 2210 would replace the current six communication categories with three new categories: institutional communication, retail communication, and correspondence, and would prescribe approval, review, record-keeping, filing and content requirements to such communications. The Commission further advised that it is instituting proceedings to determine whether to approve or disapprove the proposed rule change, as amended. It makes clear that the institution of proceedings does not indicate that it has already reached a conclusion regarding the proposal. Comments, including responses to the SEC's specific questions, should be submitted within 30 days after publication in the Federal Register, which is expected during the week of November 7. SEC Release No. 34-65663.