FINRA Proposes Rule Change to Exempt Foreign Affiliate Analysts from Research Report Contribution Requirements

Summary

The Financial Industry Regulatory Authority (FINRA) has filed a proposed rule change to amend an exemption for certain research analysts employed by a member's foreign affiliate, who contribute to the preparation of a member's research report, allowing these analysts to be exempt from the requirements of NASD Rule 1050 and NYSE Rule Interpretation 344/02.