FINRA Invites Feedback on Future Exam Changes

The Financial Industry Regulatory Authority (FINRA) is actively seeking public feedback on potential changes to its examination and regulatory framework. This initiative is part of a broader effort to modernize FINRA’s rules, guidance, and processes to better align with the evolving financial landscape.FINRA+3FINRA+3FINRA+3

🔍 Key Areas Under Review

In Regulatory Notice 25-04, FINRA outlines two primary focus areas for potential modernization:FINRA+8FINRA+8FINRA+8

1. Capital Formation: FINRA is examining whether existing rules may inadvertently hinder capital-raising activities. Specific areas of interest include:
   • The role and regulation of Capital Acquisition Brokers (CABs) and other limited-purpose broker-dealers.
   • Regulations surrounding research analysts and research reports.
   • Other FINRA or NASD rules that may impact capital formation processes. FINRA+6FINRA+6FINRA+6FINRA+4FINRA+4FINRA+4
2. Modern Workplace Practices: Recognizing the shift towards remote work and digital communication, FINRA is considering updates to:
   • Rules governing branch offices and remote work arrangements.
   • Credentialing and education requirements for registered representatives.
   • Standards for internal and customer communications, including electronic delivery methods.
   • Recordkeeping practices, particularly concerning digital communications. FINRA

🗓️ How to Provide Feedback

FINRA encourages input from member firms, investors, and other stakeholders. Comments can be submitted through various channels:FINRA+3FINRA+3FINRA+3

• Online: Via FINRA’s comment form available on their website.
• Email: By sending comments to [email protected].
• Mail: Addressed to Marcia E. Asquith, Executive Vice President, Board and External Relations, FINRA, 1700 K Street, NW, Washington, DC 20006-1500. FINRA+7FINRA+7FINRA+7FINRA+1FINRA+1

The comment period for Regulatory Notice 25-04 expires on May 12, 2025.FINRA+6FINRA+6FINRA+6

📌 Additional Opportunities for Feedback

Beyond Regulatory Notice 25-04, FINRA has issued other notices seeking public comment on various topics:FINRA+4FINRA+4FINRA+4

• Regulatory Notice 25-05: Proposes streamlining requirements related to associated persons’ outside activities.
• Regulatory Notice 25-06: Focuses on modernizing rules to facilitate capital formation.
• Regulatory Notice 25-07: Addresses updates to reflect modern workplace practices. FINRA+3FINRA+3FINRA+3FINRA+6FINRA+6FINRA+6FINRA

Each notice has its own comment period and specific areas of focus. Stakeholders are encouraged to review these notices and provide feedback accordingly.

📣 Why Your Feedback Matters

FINRA’s commitment to transparency and stakeholder engagement means that your insights can directly influence regulatory developments. By participating in the comment process, you contribute to shaping a regulatory environment that balances investor protection with industry innovation.

For more information and to access the full list of Regulatory Notices open for comment, visit FINRA’s Requests for Comments page.