FINRA updated its consolidated rulebook for certain cross-references.  Filing for a rule change with immediate effectiveness, FINRA plans to implement the following rule changes on different dates:

• FINRA Rule 9559 - 12/2/11.
• FINRA Rules 01502 and 6630 (certain changes) - 12/5/11.
• FINRA Rules 2114, 2124, 2130, 2264, 2270, 2330, 2360, 2370, 5122, 5320, 7230A, 7330 and 9217 - 12/5/11.
• FINRA Rules 0150, 6630(c)(2) and 9610(a)  (to delete references to NASD Rule 3020 and add reference to FINRA Rule 4360)  - 1/1/12.

Affected Rules and Their Titles. The above rule changes - displayed in ascending rule number sequence:

FINRA Rules 0150 (Application of Rules to Exempted Securities Except Municipal Securities), 2114 (Recommendations to Customers in OTC Equity Securities), 2124 (Net Transactions with Customers), 2130 (Approval Procedures for Day-Trading Accounts), 2264 (Margin Disclosure Statement), 2270 (Day-Trading Risk Disclosure Statement), 2330 (Members’ Responsibilities Regarding Deferred Variable Annuities), 2360 (Options), 2370 (Security Futures), 5122 (Private Placements of Securities Issued by Members), 5320 (Prohibition Against Trading Ahead of Customer Orders), 6630 (Applicability of FINRA Rules to Securities Previously Designated as PORTAL Securities), 7230A (Trade Report Input), 7330 (Trade Report Input), 9217 (Violations Appropriate for Disposition Under Plan Pursuant to SEA Rule 19d-1(c)(2)), 9559 (Hearing Procedures for Expedited Proceedings Under the Rule 9550 Series), and 9610 (Application) that are needed as the result of Commission approval of 3 recent FINRA proposed rule changes.7 Also, the proposed rule change will delete the general recordkeeping provisions of NYSE Rule 440 (Books and Records). In addition, the proposed rule change would update reference to former MSRB Rule G-36 (Delivery of Official Statements, Advance Refunding Documents and Forms G-36(OS) and G-36(ARD) to Board or its Designee) in FINRA Rule 9217 to reflect changes made in a MSRB Rule filing.

For further details, go to:   [FINRA Rule Filing 11-065, 11/2/11]