The Financial Industry Regulatory Authority is proposing to adopt a new FINRA Rule 3270 regarding outside business activities. The proposed rule is similar to existing NASD Rule 3030 but includes minor changes. The FINRA filing also deletes existing NYSE Rule 346 and its interpretations. The proposed FINRA rule would expand the obligations imposed under NASD Rule 3030, which requires prompt written notice to a member firm before engaging in an outside business activity, to require that registered representatives provide prior written notice to their member firms. Proposed Rule 3270 retains the exemptions in NASD Rule 3030 for “passive investments” and activities subject to the requirements of NASD Rule 3040.