FINRA Proposes Extension of FINRA Rule 0180 ("Application of Rules to Security-Based Swaps")

FINRA filed with the SEC a proposed rule change to extend the expiration date of FINRA Rule 0180 ("Application of Rules to Security-Based Swaps") to February 11, 2014 (i.e., to coincide with the current expiration date for the SEC's related temporary exemptions for security-based swaps). FINRA Rule 0180 temporarily limits, with certain exceptions, the application of FINRA rules with respect to security-based swaps.

See: Text of Proposed Rule Change.