On February 3rd, the Financial Industry Regulatory Authority announced that the SEC has approved FINRA's proposal to adopt a rule governing reporting requirements for the consolidated FINRA rulebook. The new rule, FINRA Rule 4530, is based in large part on NASD Rule 3070, taking into account certain requirements under NYSE Rule 351. The new rule is effective July 1, 2011. FINRA Regulatory Notice 11-06.