Aggregated News From Investment Management Regulators

Proposed Rule Change to Amend FINRA Rule 2231 (Customer Account Statements)


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Financial Industry Regulatory Authority, Inc. (“FINRA”) is filing with the Securities and Exchange Commission (“SEC” or “Commission”) a proposed rule change to:  (1) amend Rule 2231 (Customer Account Statements) to (a) add new supplementary materials pertaining to compliance with Rule 4311 (Carrying Agreements), the transmission of customer account statements to other persons or entities, the use of electronic media to satisfy delivery obligations, and compliance with Rule 3150 (Holding of Customer Mail); and (b) incorporate without substantive change specified provisions derived from Temporary Dual FINRA-NYSE Rule Interpretation 409T (Statements of Accounts to Customers) pertaining to information disclosed on customer account statements, externally held assets, use of logos and trademarks, and use of summary statements; (2) delete Temporary Dual FINRA-NYSE Rule 409T (Statements of Accounts to Customers) and Temporary Dual FINRA-NYSE Rule Interpretation 409T; and (3) make other non-substantive and technical changes in Rule 2231 and to other FINRA rules due to this proposed rule change.

Title Format – Size Status
Text of the Proposed Rule Change PDF – 11.48 MB
Federal Register Notice PDF – 1.01 MB
Extension No. 1 PDF – 1.74 MB
Amendment No. 1 to Proposed Rule Change PDF – 1.8 MB
Response to Comments PDF – 187.41 KB
Notice of Filing of Amendment No. 1 and Order Instituting Proceedings To Determine Whether To Approve or Disapprove PDF – 273.19 KB
Extension No. 2 PDF – 1.99 MB
Approval Order PDF – 639.36 KB New
Correction to Approval Order PDF – 197.89 KB New

This news item was originally published by the Financial Industry Regulatory Authority (FINRA US). For more information, see the Source Link.

Regulator Information

Abbreviation: FINRA
Jurisdiction: United States

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