On June 16th, the SEC granted accelerated approval to FINRA's proposed adoption of FINRA Rule 1230(b)(6) to establish a registration category and qualification examination requirement for certain operations personnel and to adopt continuing education requirements for such operations personnel, and the proposed adoption of NASD Rule 1120 ("Continuing Education Requirements") as FINRA Rule 1250 ("Continuing Education Requirements") in the consolidated FINRA rulebook. Operations personnel covered by the new requirements are: (1) Senior management with responsibility over the covered operations functions; (2) supervisors, managers or other persons responsible for approving or authorizing work, including work of other persons, in direct furtherance of the covered functions; and (3) persons with the authority or discretion to materially commit a FINRA member's capital in direct furtherance of the covered operations functions or to commit a FINRA member to any material contract or agreement in direct furtherance of the covered operations functions. Comments should be submitted on or before July 13, 2011. SEC Release No. 34-64687.