On October 15th, the Financial Industry Regulatory Authority announced that the SEC has approved three rule filings relating to the Consolidated FINRA Rulebook. FINRA Rule 5121 (Public Offerings of Securities With Conflicts of Interest) and the FINRA Rule 11000 Series (Uniform Practice Code) will take effect on December 15th, 2010. FINRA Rule 3270 (Outside Business Activities of Registered Persons) is also effective December 15th, 2010; however, for registered persons who are actively engaged in an outside business activity prior to December 15th, 2010, firms have until June 15th, 2011, to review such pre-existing activities under the standards set forth in FINRA Rule 3270, including the requirement that firms keep a record of their compliance with such standards. FINRA Regulatory Notice 10-49.