SEC Grants Approval to FINRA Regarding Filing Exemptions as to Technical Rule Changes
The SEC granted approval to FINRA's application for an exemption for rule filing requirements pursuant to Exchange Act Section 19(b) ("Registration, Responsibilities, and Oversight of Self-Regulatory Organizations") with respect to certain rules that FINRA seeks to incorporate by reference. FINRA Rule 2360 ("Options") and FINRA Rule 2359 ("Position and Exercise Limits; Liquidations") incorporate by reference comparable position and exercise limit rules of the options exchanges.