FINRA Updates Interpretations of Financial and Operational Rules (FINRA Reg. Notice 15-25)

FINRA issued a regulatory notice announcing updates to the Interpretations of Financial and Operational Rules.

FINRA's updated interpretations reflect amendments that were adopted by the SEC to Exchange Act Rules 15c3-1 (Net Capital Requirements for Brokers or Dealers) and 15c3-3 (Customer Protection Reserves and Custody of Securities). The regulatory notice lists the interpretations that have been added, revised and rescinded, respectively.

See: FINRA Reg. Notice 15-25.
Related news: FINRA Announces Updates of the Interpretations of Financial and Operational Rules (Regulatory Notice 14-12) (March 24, 2014); FINRA Announces Updates of the Interpretations of Financial and Operational Rules: FINRA Regulatory Notice 14-06 (February 7, 2014); SEC Extends Compliance Date for Certain Broker-Dealer Financial Responsibility Rule Amendments (October 17, 2013); SEC Publishes Two Final Rules Regarding Broker-Dealers (Fed. Reg.) (with Lofchie Comment) (August 21, 2013).