FINRA Rule Filing Status Report: Column Heading Descriptions

Rules Affected: This column lists the FINRA rules to which changes are proposed in the rule filing.

Status: Depending on the substance of a rule filing, rule filings may be submitted to the SEC for publication and public comment before approval by the SEC or for "immediate effectiveness upon filing" with the SEC.

A status indicator of "Pending" indicates that the rule filing has been filed with and is pending at the SEC (i.e., it has not yet been approved by the SEC or withdrawn by FINRA, as applicable).

A status indicator of "Approved" means that the rule filing has been filed per the publication and public comment process and has been approved by the SEC.

A status indicator of "Filed for Immediate Effectiveness" means that the rule filing has been filed with the SEC for immediate effectiveness and therefore has been permitted to become effective upon filing, with the SEC having 60 days to consider whether it should be abrogated or allowed to remain in effect. An immediately effective rule change is valid and enforceable similar to an "approved" rule unless it is abrograted. Note that a rule filing that is "Filed for Immediate Effectiveness" may have a specified implementation date that is later than the date of actual filing with the SEC.

A status indicator of "Withdrawn" means that the rule filing has been formally withdrawn by FINRA and is no longer pending at the SEC.

Noticed by the SEC for Comment (Y/N?): For those rule filings submitted to the SEC per the publication and public comment process, yes/no status indicates whether the SEC has published the rule filing for public comment in the Federal Register. This column is left blank for those rule filings that are "Filed for Immediate Effectiveness."

Expiration of the SEC Comment Period: For those rule filings that have been published by the SEC for public comment in the Federal Register, this date indicates the date upon which the SEC comment period expires. This column is left blank for those rule filings that are "Filed for Immediate Effectiveness."

Federal Register Notice Date: The meaning of this date differs depending on the type of and status of a rule filing. If a filing’s status is "Approved," this date represents the date upon which the approval order issued by the SEC was published in the Federal Register. If a rule filing’s status is "Filed for Immediate Effectiveness," this date represents the date upon which the SEC’s Notice of Filing for Immediate Effectiveness was published in the Federal Register. This column is left blank for filings that are "Pending" or "Withdrawn."

Implementation Date: This date represents the date upon which members must begin complying with the terms of the rule filing (whether "Approved" by the SEC or "Filed for Immediate Effectiveness"). For example, the SEC may approve a rule filing on June 1, 2004, but its implementation date may not be until July 30, 2004. Similarly, a rule filing may be "Filed for Immediate Effectiveness" with the SEC on June 1, 2004, but its implementation date may not be until July 30, 2004. Note that some rule filings may have multiple implementation dates.

 

Last updated on: 10/20/2004