On April 5, the Financial Industry Regulatory Authority released Regulatory Notice 16-11 stating that the Securities and Exchange Commission had approved its proposal to expand the derivatives and other off-balance sheet (OBS) items schedule filing requirement to certain non-carrying and non-clearing firms that have significant amounts of OBS obligations. Historically, the OBS was required to be filed by FINRA member firms that self-clear proprietary transactions, clear transactions for others or carry customer accounts.
Continue Reading SEC Approves FINRA’s Proposed Expansion of Supplement Schedule for Derivatives and Off-Balance Sheet Items