Consolidated FINRA Rulebook

Overview
FINRA is working toward a new consolidated rulebook, which seeks not only to harmonize and streamline existing rules, but also to give consideration to the rapidly evolving nature of the securities business and the broad diversity of firms subject to FINRA regulation.

Rule Applicability

The current FINRA rulebook consists of two sets of rules—NASD rules and Incorporated NYSE rules, with the latter only applicable to members of FINRA that are also members of the NYSE (dual members). The new FINRA rules will apply to all FINRA members, unless such rules have a more limited application by their terms, and will be proposed in phases to the SEC. As rules approved by the SEC become effective, they will replace the existing NASD rules and Incorporated NYSE rules.

Updates Rule Filings, Notices and Other Updates related to Rulebook consolidation (last update: 8/27/08)

Request for Comments We strongly encourage firms to engage in the comment process so that the new rulebook benefits from thoughtful industry participation.   FINRA Requests for Comment SEC Requests for Comment   Related Information Rulebook Consolidation Process (3/12/08 Information Notice) Rule Filing Status Report