FINRA Proposes Expanded Application of FOCUS Report's ''Off-Balance Sheet'' Schedule (Fed. Reg.)

FINRA's proposal to amend the instructions for the Derivatives and Other Off-Balance Sheet Items Schedule ("OBS") pursuant to FINRA Rule 4524 ("Supplemental FOCUS Information") was published for comment in the Federal Register. The proposed amendment would expand the application of the OBS in its instructions to include certain non-carrying/non-clearing firms that have significant amounts of off-balance sheet obligations.

Comments on the proposal are due by January 28, 2016.