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FINRA Requests Comment on Proposed Amendments to FINRA Rule 4521 and New Supplemental Liquidity Schedule

Posted on January 9, 2018 at 8:45 PM

FINRA is seeking comment on proposed amendments to FINRA Rule 4521 (Notifications, Questionnaires and Reports). These changes would require specified member firms to notify FINRA no more than 48 hours after specified events that may signal an adverse change in liquidity risk.

Additional changes include a proposed new Supplemental Liquidity Schedule (SLS). These requirements provide:

• member firms with the largest customer and counterparty exposures would file as a supplement to the FOCUS Report.

• On the new SLS, these firms would report information related to specified financing transactions and other sources or uses of liquidity.

• The information would include among other things financing term, collateral types and large counterparties.

FINRA is seeking comment on all aspects of the proposed amendments to Rule 4521 and the proposed new SLS (together, referred to as the “proposal”), including the impact of the proposal on market participants.

The comment period ends on March 8, 2018.

Read more:

Regulatory Notice 18-02


Release Notice


Categories: Trading, Records Management