Proposed Rule Change to Adopt Interim Form for Funding Portals under the JOBS Act

FINRA has filed with the SEC a proposed rule change to adopt the Interim Form for Funding Portals (“IFFP”). The IFFP is an online form for prospective intermediaries that intend to apply for membership with FINRA as funding portals (“prospective funding portal members”) pursuant to Title III of the JOBS Act. FINRA is inviting prospective funding portal members, on a voluntary basis, to submit information to FINRA using the IFFP until FINRA and the SEC adopt final rules with respect to registered funding portals.

See: Text of Proposed Rule Change (links externally to FINRA website).See also: FINRA Issues Voluntary Interim Form for Crowdfunding Portals (News Release).