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SEC Approves FINRA-Proposed Rule Change to Corporate Financing Rule (Fed. Reg.)

The SEC order approving a FINRA-proposed rule amendment to FINRA Rule 5110 ("Corporate Financing Rule – Underwriting Terms and Arrangements") was published in the Federal Register. Specifically, the rule change amends provisions regarding unfair arrangements in order to:

  • expand the circumstances under which members and issuers may negotiate termination fees and rights of first refusalunder specified conditions;
  • exempt from the filing requirements exchange-traded funds formed as grantor or statutory trusts; and
  • clarify non-substantive changes regarding documents filed through FINRA's electronic trading system.

See: 79 FR 27355.Related news: FINRA Proposes to Amend Rule 5110 (January 27, 2014).

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Regulated Activities
Financial Recordkeeping & Reporting Public Offerings Distribution Procedures
Sub-Activity
Corporate Financing Rules
Regulated Entities
Issuers of Securities Broker-Dealers
Body of Law
Securities Law
Jurisdiction
US - Federal
Organization
SEC