United States: FINRA Proposes Extension Of Temporary Exemptive Relief For Application Of FINRA Rules To Security-Based Swaps

FINRA proposed that the expiration date of FINRA Rule 0180 ("Application of Rules to Security-Based Swaps") be extended until February 12, 2018. The rule limits the application of FINRA rules to security-based swaps, with certain exceptions, until its expiration date.

The proposed rule change is effective immediately. All comments on the rule must be submitted within 21 days of its publication in the Federal Register.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.