On October 29th, the Financial Industry Regulatory Authority announced that, effective November 1, 2010, FINRA is removing the exemption from the Trading Activity Fee (TAF) for transactions in exchange-listed options effected by a member firm when FINRA is not the designated options examining authority for that firm. Because FINRA now has sole regulatory responsibility for the public options activities of all of its member firms, the exemption is no longer necessary. FINRA also announced publication on its website of Trading Activity Fee Frequently Asked Questions, which provides guidance for firms on the assessment of the TAF. FINRA Regulatory Notice 10-56.