FINRA Proposes to Revise Implementation Date for Supplemental Inventory Schedule

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On October 10, the Financial Industry Regulatory Authority, Inc. proposed a rule change to revise the implementation date for the Supplemental Inventory Schedule (SIS) approved in SR-FINRA-2014-025. The due date for the first SIS, which will disclose inventory positions for the reporting period ending December 31, will be January 30, 2015. FINRA states the due date revision will provide additional time for member firms to make any necessary systems changes to comply with SR-FINRA-2014-025. 

FINRA’s proposed rule filing is available here.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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