Federal Register: SEC Extends Review of FINRA Proposal on Additional Disclosure for Fixed-Income Securities Transactions

The SEC extended the 45-day review period for a FINRA proposal that would amend FINRA Rule 2232 (Customer Confirmations) to require members to disclose markups on certain transactions in corporate debt or agency securities with retail customers (i.e., customers that are not institutional accounts as defined in FINRA Rule 4512(c)). The SEC notice of designation for an extended review period was published in the Federal Register.

The SEC designated November 17, 2016 as the new date by which it will approve, disapprove, or institute proceedings to "determine whether to disapprove," the proposed rule change.

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