FINRA Proposes To Extend the Expiration Date of FINRA Rule 0180
Friday, January 5, 2018

On January 3, the Financial Industry Regulatory Authority proposed a rule change to extend the expiration date of FINRA Rule 0180 (Application of Rules to Security-Based Swaps) to February 12, 2019. FINRA Rule 0180 temporarily limits the application of certain FINRA rules with regard to security-based swaps. The rule was originally designed to avoid disruptions resulting from the revised definition of “security” under the Securities Exchange Act of 1934, which was amended pursuant to the Dodd-Frank Act. The temporary rule is currently set to expire on February 12.

More information regarding the proposed rule change is available here.

 

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