On February 16, 2016, FINRA proposed delaying the implementation date of its new debt research rule (Rule 2422) until April 22, 2016. Currently, Rule 2422 is set to take effect on February 22, 2016. We will monitor developments relating to the implementation date of Rule 2422 on this blog.
The proposed FINRA rule change is available at http://www.finra.org/sites/default/files/rule_filing_file/SR-FINRA-2016-008.pdf.
On February 9, 2016, Anna Pinedo and Ze'-ev Eiger gave a presentation on FINRA's final equity research rule and new debt research rule.
The complete materials from the presentation are available at http://www.mofo.com/~/media/Files/Presentations/2016/02/160202FINRAResearchRules.pdf.
Our client alert on the final FINRA research rules is available at http://www.mofo.com/~/media/Files/ClientAlert/2016/01/160125FINRAFinalEquityDebtResearchRules.pdf.
Our research quick guide to offerings, which is in the form of a flow chart, also is available at http://media.mofo.com/files/Uploads/Images/Research-Quick-Guide-Offerings.pdf.
In addition, our tracking chart for the final FINRA research rules, comparing the final equity research rule with the new debt research rule, is available at http://www.mofo.com/~/media/Files/documents/2016/02/160211FINRATrackingChart.pdf.
Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.
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