Title

FINRA’S New Research Rules: How CCOs Can Prepare
Compliance Reporter

Created date

9/17/2015

The Financial Industry Regulatory Authority has adopted amendments to its equity research rules and an entirely new debt research rule, which covers research on corporate and sovereign debt, but not municipal or U.S. Treasury securities or security-based swaps. In order to implement the new requirements, chief compliance officers and other compliance professionals will need to revise existing policies and procedures, and adopt new ones. In some cases—particularly for firms that publish debt research—organizational changes within the firm may be required, including, potentially, modifying reporting lines, compensation processes and communication flows.