FINRA Board Approves 2018 Budget And Various Rulemaking Proposals

At the final 2017 FINRA Board of Governors meeting, the Board approved FINRA's 2018 operating budget and updated its Financial Guiding Principles. In a first for the organization, both documents will be published.

The budget will not include any fee rate increases for member firms.

The Financial Guiding Principles articulate the considerations that FINRA uses for financial planning and the development of the annual budget. The publication of the annual budget and the Guiding Principles is an effort to provide greater transparency about how FINRA manages its financial resources.

The Board also approved various rulemaking actions, including authorizing FINRA staff to:

• file a proposed rule change to require alternative trading systems to identify certain subscribers when reporting Treasury securities transactions to TRACE;