Effective Dates of New Consolidated Rules; Introduction of Rule Conversion Chart
This Notice describes the protocol by which FINRA will announce the effective dates of the new FINRA rules that are being adopted as part of the consolidated rulebook (Consolidated FINRA Rulebook).1 FINRA has designed this protocol both to assist member firms in their efforts to comply with the new FINRA rules and to enhance the efficiency of FINRA's consolidation process. FINRA urges member firms to review this Notice carefully because the protocol for announcing the effective dates of the new FINRA rules will vary from FINRA's existing practice, as will the content of the Regulatory Notices announcing approval of those rules.
FINRA also will issue a Rule Conversion Chart to assist member firms in understanding how the new FINRA rules relate to the NASD and/or Incorporated NYSE Rules that they will replace.
Questions regarding this Notice should be directed to Patrice Gliniecki, Deputy General Counsel, Office of General Counsel (OGC), at (202) 728-8071; or Adam H. Arkel, Assistant General Counsel, OGC, at (202) 728-6961.
1 The current FINRA rulebook includes (1) NASD Rules and (2) rules incorporated from NYSE (Incorporated NYSE Rules) (together, the NASD Rules and Incorporated NYSE Rules are referred to as the Transitional Rulebook). While the NASD Rules generally apply to all FINRA members, the Incorporated NYSE Rules apply only to those members of FINRA that are also members of the NYSE (Dual Members). For more information about the rulebook consolidation process, see Information Notice 03/12/08 (Rulebook Consolidation Process).