FINRA Announces Updates to Interpretations of Financial and Operational Rules (FINRA Reg. Notice 14-38)

FINRA announced that it is updating certain of its interpretations of the SEC's capital and recordkeeping rules to reflect amendments recently adopted by the SEC.

The updated amendments relate to Exchange Act Rules 15c3-1, 15c3-1a, 15c3-1e, 15c3-1f, 15c3-1g, 15c3-3a and 17a-4. The majority of the amendments concern haircuts on particular securities, as well as the removal of certain interpretations relating to credit ratings.

See: FINRA Regulatory Notice 14-38. Related news: SEC Publishes Amendments to Exchange Act and Investment Company Act Removing References to Credit Ratings (Fed. Reg.) (January 8, 2014); SEC Removes References to NRSRO Ratings in Certain Rules and Forms (with Lofchie Comment) (December 27, 2013).