FINRA’S PROPOSED AMENDMENTS TO THE CORPORATE FINANCING RULE – IMPACT ON STRUCTURED NOTE OFFERINGS -

On April 11, 2019, FINRA filed with the SEC a diverse set of proposed revisions to Rule 5110, its Corporate Financing Rule. The proposed amendments would impact a variety of types of offerings. In this article, we discuss the anticipated impact on issuances of structured notes.

The proposal reflects FINRA’s previous proposed amendments, discussed in Regulatory Notice 17-15, but also reflects a variety of changes based on comments from market participants.