The Financial Industry Regulatory Authority issued guidance in the form of Frequently Asked Questions regarding its recently adopted enhanced confirmation disclosure requirements for corporate and agency debt securities sold to retail clients. Beginning on May 14, 2018, members must disclose, in connection with retail transactions, the amount of mark-ups or mark-downs if the member transacts an offsetting principal trade in the same security on the same day; the time of execution; and, if the confirmation statement is electronic, a hyperlink to certain trading data on a FINRA-hosted web page. (Click here for background on FINRA’s initial proposal regarding this matter in the article “FINRA Proposes to Require Brokers to Disclose Mark-Ups and Mark-Downs to Retail Clients on Fixed-Income Securities” in the February 28, 2017 edition of Bridging the Week.)