MSRB issues second request for comments on proposed requirements for obtaining CUSIP numbers. The MSRB requested additional comments on draft amendments to MSRB Rule G-34, on obtaining CUSIP numbers, which now propose possible exceptions from the requirements for obtaining CUSIP numbers. Comments are due on or before June 30, 2017. (6/1/2017) MSRB press release.
FINRA updates problem codes to reflect DOL, MSRB rule amendments. FINRA announced that it has revised the Rule 4530 (Reporting Requirements) Product and Problem Codes and Filing Application Form to reflect changes related to the Department of Labor’s fiduciary rule and the MSRB’s rules on customer complaints and recordkeeping. The changes related to the DOL’s fiduciary rule will take effect on June 9, 2017, while the changes related to the MSRB’s customer complaints rules will take effect on October 1, 2017. (5/31/2017) FINRA regulatory notice.
FINRA to offer CE credits to financial planners enrolled in e-learning courses. FINRA has received approval from the Certified Financial Planner Board of Standards Inc. to offer continuing education credits to certified financial planners who enroll in FINRA e-learning courses, including planners who are registered representatives with FINRA member firms. (5/31/2017) FINRA press release.
NFA advises SDs of new risk metrics to include in risk data reports. The National Futures Association’s Board of Directors has approved a list of specific risk metrics that swap dealers will be required to report electronically to the NFA on a monthly basis, starting on January 31, 2018. (5/30/2017) NFA notice.
FINRA announces upcoming board elections. FINRA will hold its annual meeting of FINRA firms in August to elect one Small Firm Governor and one Large Firm Governor to the FINRA Board of Governors. Eligible individuals should submit their petitions for candidacy on or before July 7, 2017. (5/23/2017) FINRA election notice.