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SEC RIN: 3235-AN17 Publication ID: Spring 2023 
Title: Narrowing Exemption for Certain Exchange Members 
Abstract:

The Division is considering recommending that the Commission adopt amendments to Rule 15b9-1 to narrow the availability of the FINRA membership exemption for broker-dealer exchange members that trade proprietarily elsewhere than on an exchange of which they are a member.  

 
Agency: Securities and Exchange Commission(SEC)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: Undetermined  Unfunded Mandates: No 
CFR Citation: Not Yet Determined     (To search for a specific CFR, visit the Code of Federal Regulations.)
Legal Authority: 15 U.S.C. 78c    15 U.S.C. 78o    15 U.S.C. 78o-1    15 U.S.C. 78q    15 U.S.C. 78s    15 U.S.C. 78w    15 U.S.C. 78mm    ...   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  08/12/2022  87 FR 49930   
NPRM Comment Period End  09/27/2022 
Final Action  10/00/2023 
Regulatory Flexibility Analysis Required: No  Government Levels Affected: Undetermined 
Federalism: Undetermined 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Michael Bradley
Division of Trading and Markets
Securities and Exchange Commission
100 F Street NE,
Washington, DC 20549
Phone:202 551-5594
Email: bradleym@sec.gov