On January 4th, FINRA requested comment on proposals relating to FINRA's membership rules. The proposed amendments consolidate, update and revise certain provisions of the existing membership rules to streamline the standards of review for new and continuing membership applications, clarify certain administrative aspects of FINRA's membership application process, update or eliminate outdated terminology, require certain additional information (including certain affiliate information) about the applicant, and incorporate certain provisions from the current Incorporated NYSE membership rules. The changes also impose new requirements on FINRA members to provide FINRA with information and notification of changes in their ownership, control or business operations. Comments should be submitted on or before March 5, 2010. FINRA Regulatory Notice 10-1.